Prologis, Inc., the global leader in industrial real estate, today announced that Prologis Targeted European Logistics Fund (PTELF) has acquired five modern buildings, totalling 137,440 m², in Marseille.
This acquisition increases the size of Prologis’ portfolio in the Clesud area to 13 buildings, totalling 361,880 m². It also extends the portfolio into two new locations, Saint-Martin-de-Crau and Fos-sur-Mer.
“This was a great opportunity to purchase high quality assets that are let to an established retail company and which complement PTELF's existing portfolio,” said Ali Nassiri, fund manager, PTELF. “These investments align well with the fund strategy to reinforce its presence in long-term global markets.”
Four of these buildings will remain occupied by Maisons du Monde, a retail company specialising in furniture and decorative objects, in new 12 year leases.
François Rispe, regional head Southern Europe, Prologis, added: “This acquisition reinforces our presence in Marseille, which is a growing market with significant potential. At the same time, we are delighted to welcome Maisons du Monde as a new customer”.
Prologis was assisted by Vianney Laporte, Etude Attal & associés, and Franklin et associés office. CBRE advised the vendor in this transaction.
Source: Prologis
