AEW Europe Fund sells three French logistics assets for €79 million (FR)

Logistis II, a logistics real estate investment fund managed by AEW Europe, has sold three logistics warehouses in the Paris region for €79 million, representing a blended net initial yield of around 7.0%, to a German fund and a French listed company.


The three logistics assets (not pictured) in the Paris region have a total combined area of 115,000 m².

Jean Lavieille, Co-Head of Fund Management at AEW Europe said: "These sales show the strong appetite of European investors for prime logistics assets in major markets such as the Paris region. This demand is reflected in the compression of French logistics yields towards the more 'normal' levels seen prior to the financial crisisŽ

The three logistics assets have a total combined area of 115,000 m² and are located in Brie Comte Robert and in Chatres.

Jones Lang LaSalle and CB Richard Ellis were involved in the sales process.

Source: Bellier Financial

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