Logicor announced the acquisition of 19 logistics assets in France and Germany from Goodman European Logistics Fund (GELF), a leading European logistics real estate fund.
The 479,000 m² logistics portfolio comprises ten assets in France and nine assets in Germany. Tenants across the portfolio include third-party logistics providers (3PLs) along with various retailers.
The French distribution facilities totalling 300,000 m² are predominantly located in Lille, Paris and Lyon. Logicor’s French platform now totals 2 million m² and is the second largest logistics portfolio in the country. The German assets total 179,000 m² and increase Logicor’s German portfolio to 1.2 million m².