Login

Invista’s €20.7m French logistics sale triggers lower debt costs

Invista European Real Estate Trust has sold a French logistics property for €20.7m to Cordea Savills, reducing the portfolio’s LTV to trigger a lower cost of debt for its remaining assets.
By James Wallace
July 25, 2011 | 8:30 P.M.

The sale of a 33,000 sq m prime warehouse located in Trappes, Paris, on a nine-year lease to Nature et Découvertes, reflected a 1.15% discount to the end of Q1 valuation.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In