MGPA and Concerto lease Logiffine in Valence to LPG Finance Industrie S.A. (FR)

MGPA, the private equity real estate investment advisory company and Concerto European Developer SAS (Concerto) has announced the leasing of a Logiffine logistics park development in Montéléger (Drôme) to LPG Finance Industrie S.A., a leader in professional technologies in treatment and aesthetic care.

This announcement comes shortly after the leasing of the Logiffine site in Lille to Simastock (Groupe Bils Deroo).

The site, located in the Zone d'activitiés de Beauvert in Montéléger (26), near Valence, with a surface area of 18,500 m², has been built to very high specifications. It also benefits from excellent transport links.

The lease agreement with LPG Finance Industrie S.A. covers 6,500 m² and a nine-year period.

MGPA CEO Europe, Alex Jeffrey said, "The lease with LPG illustrates the growing interest amongst users for high growth logistics zones like Valence, which we believe hold strong development potential for the years to come. We are very pleased with the success of the Logiffine partnership with Concerto and are delighted that we have signed this lease just a few weeks after that of our site in Lille."

Concerto Chairman Ariel Lahmi, said, "We are very proud of the trust shown to us by LPG, a high quality tenant and a leader in the technology sector. The Montéléger site boasts a strong regional dynamic and enables Logiffine to reaffirm its confidence in the development of logistics in the area."

CB Richard Ellis advised the two parties in this transaction.

Source: Citigate Dewe Rogerson

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