The Fishman subsidiary completed the purchase of another seven properties in France.
is in advanced talks to buy a property in Nantes, France, for €17.3 million in a buy and lease-back deal. The 15,244-square meter property is located on a 20-acre site. Annual rent is €1.52 million, giving a return on investment of 8.8%.
JEC is in talks with a financial institution for a non-recourse loan for 84% of the purchase price.
In a separate development, JEC completed the purchase of seven properties in France with aggregate space of 221,500 square meters for €72.8 million. The properties will generate a return on investment of 9%. JEC's French properties account for 15% of its revenue.
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