Compagnie du Parc, a specialist real estate investor involved in €2bn worth of industrial and logistics transactions across Europe, announces plans to invest c. €95m(£80m) of capital over the next 12 months to expand its portfolio of similar assets in the UK, principally within the Greater London area.
Active in the European real estate market for over 30 years and renowned for its work in developing multi-storey warehouses in Switzerland, CdP is targeting light industrial and logistics units, with lot sizes of ca. €1.2m (£1m) upwards, in urban locations within the M25 motorway. Priority will be given to assets in central London, with the Group considering portfolio, distressed and vacant opportunities with a focus on assets requiring refurbishment or capital upgrades.
The management of CdP believes that a substantial investment opportunity exists, driven by increasing demand for distribution centres, logistics warehouse and depots, strategically located with close links to major national motorways, as part of the growing e-retailing trend. Changing consumer habits, demographic growth and positive macroeconomics are driving the demand in the Greater London area.
The management of CdP believes that a substantial investment opportunity exists, driven by increasing demand for distribution centres, logistics warehouse and depots, strategically located with close links to major national motorways, as part of the growing e-retailing trend. Changing consumer habits, demographic growth and positive macroeconomics are driving the demand in the Greater London area.
Jonathan Coenca, Managing Director of CdP, commented: “Light industrial and logistics real estate presents a highly compelling investment given the unprecedented constraints of asset availability within Greater London coupled with increasing demand, driven primarily by the explosion of online retail. This, added with rapid population growth and a continued positive macro environment, means that CdP is well-positioned to leverage its extensive expertise and deliver high quality space to its tenants.”
In recent months, CdP has acquired four sites in Greater London totalling over 190,000 ft2 and a total aggregate value of c. €24m (£20m).
