Real IS AG has acquired a logistics portfolio in Mer nearby Orléans for its BGV VIII EUROPA real estate special AIF and REALISINVEST EUROPA, an open-ended real estate fund for private individuals. The portfolio comprises three logistics properties with a rental area totalling around 123,000m² and a total storage area of 118,000m² fully let to three tenants with excellent credit ratings in France’s fourth-largest logistics location. The vendor is AXA IM – Real Assets. The parties have agreed to keep the purchase price confidential. All properties feature the customary ICPE approvals.
“The high quality of the buildings and the tenants, along with the location and transport connections, make the properties compelling. Orléans is France’s fourth-largest logistics market after Paris-Île-de-France, Lyon and Lille. Investing in the French logistics market has enabled Real I.S. to give its customers the possibility in participating the growing importance of e-commerce,” said Axel Schulz, Global Head of Investment Management of Real I.S. AG.
“The French logistics property represents the sixth investment for REALISINVEST EUROPA since its launch in November 2019. The acquisition has extended the fund’s regional diversification by adding a new country: Along with investments in Germany, the Netherlands and Austria, it now has one in France,” explained Tobias Kotz, Head of Client Relations & Capital Funding of Real IS AG. “By purchasing the logistics property used by a tenant with very strong credit standing the fund continues to pursue its investment strategy through focusing on stable submarkets in the currently difficult market environment and leveraging opportunities in the market to stabilise rental income.”
