GPT Halverton has announced the acquisition of two office properties in the Nantes region

GPT Halverton has today announced the acquisition of two office properties in the Nantes region – its first acquisitions in this significant regional city in the West of France.

The properties were purchased for a combined total of approximately €14 million bringing GPT Halverton’s total assets under management for France to over €130 million.

Nantes Chanterie is a 6,500 sqm multi-let office complex comprising two connecting buildings. The asset is well located being only 1 kilometre away from the A11 motorway connecting Nantes, Angers and Paris as well as being situated only 24 kilometres from Nantes airport. The property is 100% let with strong rental covenants in place. The purchase was brokered through Adyal PM Ouest.

The second asset, Nantes Saint-Sebastien, comprises a two storey 2,500 sqm office building located on a 5,500 sqm site. The property is located on the roundabout of the D119, a road which connects the A11 and A801 motorways and is also 24 kilometres from Nantes airport. The asset is 100% let with strong rental covenants in place. The purchase was brokered by Arthur Loyd.

Jean-Christophe Caron-Telders, Président for GPT Halverton in France said, “Both properties are in line with GPT Halverton’s strategy of acquiring assets in regional locations where we can extract value through our local, on-the-ground asset management initiatives”.

source : GPT Halverton