The Office Times

ADVEO closes sale of ADVEO France warehouse

ADVEO has closed the sale process of ADVEO France's warehouse in Châteauroux with M7 Real Estate France for €5 million, which involves capital gains of around €0.5m.

After this sale, and that of Compans warehouse last January, ADVEO France will concentrate its operations at a new logistics centre near Compans that will be ready no later than November 2018.

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