Retail real estate specialist Mitiska REIM has made its first investment on behalf of the MEREP light industrial fund, acquiring the Village Économique Montataire in the Greater Paris region.
The asset is an income-producing SME business park adjacent to the city of Creil.
Situated on an urban infill location close to the main departmental road connecting Compiègne with the northern L’Oise region, the business park has an existing gross leasable area of 22,000 square metres comprising around 60 SME units and offices ranging in size from 30-3,000 square metres.
As part of its value-add strategy, Mitiska REIM plans to refurbish the existing buildings on site and upgrade them to achieve a BREEAM certification of Very Good.
Source: propertyeu.info on the 6th of November 2023
https://propertyeu.info/Nieuws/Mitiska-REIM-snaps-up-first-SME-business-park-in-France/4b58e9ee-5ee0-48d9-b74d-eb9b64593a41