The four industrial properties cover 137,888 m² of space, 62.1% of which is occupied by seven tenants. Each property is highly accessible given all of them are located near main motorways with excellent car and truck parking facilities at each of them. Three of these properties are located in the established logistics hubs of Bondoufle, Combs-la-Ville and Marly surrounding Greater Paris. The fourth property is located in Toul, a well-established logistics submarket of Nancy in the North East of France.
Pierre-David Baylac, Fund Manager at CBRE Global Investors, said: “With these four asset sales we have successfully executed our 2017 disposal plan with seven assets sold last year and almost completed the exit plan for LPFE.”
Marc Antoine Bouyer, Managing Director, Carlyle Europe Real Estate, added: “This acquisition represents one more step in our logistics assets investment strategy which is focused on acquiring and actively managing high-quality facilities located in several established European logistics markets. These additional French assets will be integrated into Carlyle’s French logistics platform which now exceeds 415,000 m² with almost 90% of its value now concentrated around the Paris, Lyon and Marseille markets.”
Carlyle was advised by DLA Piper, Darrois Villey Maillot Brochier and Attal & Associés. The acquisition has been financed through a combination of equity and debt, with HSBC providing a financing facility. CBRE Global Investors was advised by Etude Allez & Associés, Environnance, Virtuo and Groupe Elypse.