The Office Times

ADVEO closes sale of warehouse

ADVEO has closed the sale process of the ADVEO France warehouse at Compans with IDI Gazeley for 8 million Euro, which involves capital gains around €2.6m.

According to the sales agreement, announced last October, ADVEO France will keep its operations at the warehouse in Compans as leaseholder until a new logistics centre, close to the current one, is ready - no later than November 2018.

The new warehouse will be equipped with avant-garde infrastructures and technology. This will allow ADVEO to have a more efficient management system, adapted to the evolution of the company. ADVEO says that this new logistics model will significantly reduce costs and improve the quality of services to customers.

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