Realterm announced the acquisition of a highly functional final mile logistics facility located at 15 Av. de l'Industrie in Corbas, a prime final mile submarket in Lyon, France. The strategic property is currently vacant and available for lease.
The 11,464m2 site boasts a 5,371m2 building that includes 19 standard loading dock doors and two large drive-in doors where trucks can be loaded from the side with an internal ramp giving access to the slab. The building will undergo a comprehensive refurbishment and will be fully renovated with new loading docks, a new double skin facade, new offices, full LED lighting and new roads.
“This marks Realterm’s first entrance into the highly-sought-after Lyon market, the heart of the French logistics corridor,” said Balazs Lados, Managing Director at Realterm. “Our team successfully capitalized and completed this transaction in a competitive market that has very limited supply.”
Corbas benefits from seamless connectivity to Lyon’s city center and Lyon-Saint Exupery Airport, as well as excellent road access to Lyon’s ring road and main highways, including notably the A6 to Paris and Northern Europe and the A7 to Marseille and Spain.
“The French logistics market is characterized by well performing assets combined with undersupply, making this acquisition for Realterm particularly fruitful” said Hugues Tallandier, Associate Vice President, Investments at Realterm. “As we continue to grow our broader European platform, we will seek out these high-performing, transportation-advantaged assets that are the core of Realterm’s portfolio.”
Realterm’s advisers in the transaction included R&D Notaires for the notarial aspects, Eversheds Sutherland for the legal matters, Deloitte for tax advisory and ETYO as a technical and environmental advisor. The deal was brokered by Arthur Loyd Logistique.
Image source - Realterm.
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