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PARIS-Investors haven't caught on to the Ile-de-France industrial market, even though availability stands at 6.3% and rents are expected to rise by as much as 20%. Yields are hovering above 9%, outperforming most other vertical sectors, according to one report.
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Kennedy spoke on some key fundamentals that the area hosts, such as scarce supply and strong absorption.
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The loan will replace the old one, which was set to mature next month.