Realterm acquires 15-property logistics portfolio in France totaling greater than 73,000 sqm
Amsterdam, Netherlands (October 27, 2022) – Realterm pronounces the acquisition of a extremely differentiated 15-property logistics portfolio in France. Situated round main French cities corresponding to Paris, Marseille, Toulouse, and different key city areas, the portfolio of cross-dock properties totals greater than 73,000 sq. meters and is totally leased to a roster of premier tenants, together with XPO Logistics.
“The French logistics market is characterised by a powerful provide/demand imbalance, with document low emptiness and extremely robust demand. Only a few new properties are coming to market given the restricted availability of land and the problem in acquiring permits,” mentioned Hugues Tallandier, Head of Investments, Southern Europe, Realterm. “Transportation-advantaged logistics services speed up the environment friendly movement of products via the availability chain and are in robust demand throughout Europe. Consequently, rents are rising, making this portfolio a notable addition to our European holdings.”
These are the primary properties acquired by Realterm in France. The corporate is targeted on mission important, transportation-advantaged logistics actual property with excessive movement via traits, designed to maneuver – not retailer – freight. In america, XPO Logistics leases 27 Realterm properties totaling greater than 130,000 sq. meters on 568 acres, with 2,518 doorways.
“The present leases on these properties are totally inflation linked with a really enticing mark-to market alternative over the following few years. These symbolize precisely the kind of property we’ll pursue in what might be an unpredictable market the place the power to develop earnings will likely be important to generate our goal return,” mentioned Alberto Radice Fossati, Fund Supervisor, Realterm. “As a part of this acquisition, we’re notably delighted so as to add XPO Logistics, considered one of our key world purchasers, to our European platform.”
Highlights of the portfolio embody:
– Sq. meters: 73,000 sqm
– Common website protection: 20 p.c
– Common door ratio: One door / 88 sqm
R&D Notaires and Fairway represented Realterm on the notarial and authorized features of this transaction respectively, ETYO was a technical and environmental advisor, Longevity Associate an ESG advisor and JLL, Realterm’s purchase aspect dealer. The transaction was marketed by CBRE and BNP.
A photograph of one of many properties positioned in Paris may be discovered right here and credited to Realterm.
Realterm is an impartial world funding supervisor centered on the transportation business. We purchase, develop, finance and handle differentiated actual property and infrastructure property serving land, air, sea and rail networks in North America, Europe and Asia Pacific. Realterm at present manages over $13.5 billion in property throughout six transportation logistics-oriented personal fairness fund collection: Realterm Airport Logistics Properties (RALP), an open-end, core-plus fund investing into excessive movement via (HFT®) on-airport logistics actual property all through North America; Realterm Logistics Revenue Fund (RLIF), an open-end, core-plus fund, and the Realterm Logistics Fund (RLF) Collection, a closed-end, value-added fund collection, each of which make investments into HFT floor transportation logistics actual property all through the U.S.; Realterm Europe Logistics Revenue Fund (RELIF), an open-end, core-plus fund, and Realterm Europe Logistics Fund (RELF), a closed-end, value-added fund collection, each of which make investments into HFT logistics actual property all through Europe; and IndoSpace Logistics Parks (ILP), a closed-end, opportunistic fund collection investing into warehouse and logistics actual property all through the highest industrial markets in India.