Zublin Immobiliere announced on Monday that it has bought the head office of the global automotive supplier Faurecia in Nanterre, France. The total investment price comes to EUR 88 mln, reflecting a net initial yield of 6.2%. The building, developed in 2001, provides some 11,200 m[sup]2[/sup] of space and 296 parking spaces. It is wholly let to Faurecia for a net annual rent of EUR 5.44 mln. The deal includes EUR 33 mln of own equity and EUR 55 mln of debt.
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