The performance of investments made by CORUM is not a reliable indicator of future results.
Monselice - Italy
This property is located in Monselice, in the province of Padua in the North East of Italy. The region is one of Europe’s largest industrial areas, home to more than 1,300 companies and over 50,000 employees.
This 48,272-sq.m logistics and industrial building was acquired for €24.9m with a net initial yield of 7.54% (incl. transfer tax and brokerage fees). It is subject to a 12-year triple net lease with no break option.
This investment generates a net initial yield* of 7.54% (incl. transfer tax and brokerage fees).
Gimi sells a wide range of household items (clothes dryers, shopping trolleys, ironing board covers...).
Gimi is always looking to find original and effective solutions to meet its clients’ needs. It selects quality materials, creates durable products with a creative design, while using forefront technologies and production systems.
In line with this commitment, Gimi equipped the Monselice site with a cutting-edge production facility, thus ensuring its clients are offered high-quality products adapted to new lifestyles.
It is the market leader in Europe and its products are distributed in 80 countries. In 2015, it generated €80m in revenues and employed close to 300 people.
Acquisition price (incl. transfer tax and brokerage fees)
Net initial yield*
7,54% (incl. transfer tax and brokerage fees)
* Net initial yield: Annual rent divided by acquisition price including transfer tax and brokerage fees.