The performance of investments made by CORUM is not a reliable indicator of future results.

Property Portfolio

BREEAM-certified new-build cold storage warehouse

Nantes - France

Following the Béziers acquisition in July 2013, CORUM has acquired its second new-build cold storage warehouse on behalf of Boul’Pat. It boasts the BREEAM certification. This leading frozen food brand thus continues to develop its national network. Like the Béziers asset, this property is located in a strategic logistics hub in the immediate vicinity of motorways and major roads.

This investment generates a net initial yield* of 7.60% (incl. transfer tax and brokerage fees).

Tenants Boul'Pat

Boul’Pat is a subsidiary of the Swiss group Arytza which operates in 35 countries. Arytza is a global food company and has a leadership position in the speciality frozen bakery sector with revenues of over €4bn. In France, Boul’Pat, known under the brand name Coup de pâtes, supplies professionals of the bakery and pastry sectors with a range of 1,300 semifinished and finished frozen products. The Béziers distribution centre is part of the French logistics network composed of 17 centres spread across the country which helps process every order with the greatest care and provide proximity delivery services to more than 32,000 clients.

Type

Warehouse

Acquisition price (incl. transfer tax and brokerage fees)

8,60m

Net initial yield*

7,60% (incl. transfer tax and brokerage fees)


Characteristics