FLF ONE, a French REIT (OPPCI) launched by DTZ Investors REIM, has unveiled plans to acquire land on which Pitch Promotion – a subsidiary of listed French developer Altarea Cogedim – will develop state-of-the-art XXL logistics warehouses. The deal is the first purchase for FLF ONE. All the properties will be operated under Hexa Hub brand.
Christian Terrassoux, Founding Chairman of Pitch Promotion, commented: “Hexa Hub is the realization of a partnership between DTZ Investors, Pitch Promotion and investors in the Luxembourg fund DTZ Investors Logistics Development Fund. These first acquisitions will enable Hexa Hub to offer warehouses in strategic locations with the latest energy and safety standards for companies in the industrial and logistics sectors. We will offer our clients state-of-the-art XXL logistics platforms that correspond to the new structures of their supply chain.”
Alban Liss, President of DTZ Investors France, explained: “We are looking forward to these first acquisitions. Hexa Hub is the synthesis of what DTZ Investors likes: to create value, to anticipate market developments and to adopt a strategy accordingly, to create and manage adapted vehicles by raising capital, and to rely where appropriate on a partnership with quality professionals. Pitch Promotion, with whom we have long-standing relationships, is well established in this area.”