Savills Investment Management has sold a 30,420 m² Grade A logistics facility in Le Coudray-Montceaux, Greater Paris, to Aberdeen Investments, marking a strategic disposal on behalf of its €1bn European Logistics Fund 2 (ELF 2). The deal comes at a time when investor interest in high-quality logistics assets in core Western European markets is regaining momentum.
Acquired in 2019, the property is fully let to a global manufacturer and distributor of medical products and holds a 'Very Good' BREEAM New Construction certification. Located on the strategic French logistics corridor linking Lille to Marseille via Paris and Lyon, the site combines first-rate macro- and micro-accessibility, offering institutional-grade resilience and income stability, two attributes in high demand among German institutional investors backing the ELF 2 fund.
“The transaction market for logistics properties is slowly but steadily regaining momentum,” said Sebastian Schambeck, Associate Director Portfolio Management at Savills Investment Management. “We have used this point in the cycle with a substantial appetite from domestic and international investors seeking short-term reversion potential to realise the value appreciation achieved over the holding period for our investors.”
Following the sale, ELF 2 retains 26 assets valued at approximately €1bn and remains focused on acquiring core logistics properties in Germany, France, and the Netherlands. The fund intends to recycle the capital into modern, sustainable distribution hubs that meet the increasing ESG and operational demands of occupiers.
Notably absent from the press release, but crucial for investors and developers, is the asset’s repositioning potential post-hold. With high rental growth forecasts in Greater Paris due to ongoing logistics scarcity and rising e-commerce penetration, similar assets offer lucrative upgrade or redevelopment pathways, especially for funds targeting value-add strategies.
Savills Investment Management was advised by JLL, Cushman & Wakefield, De Pardieu Brocas Maffei, Eversheds Sutherland, Allez & Associés, KPMG, Etyo and MDA Accounting Group. Aberdeen Investments was advised by CBRE, LPA, Les Notaires du Trocadéro, Andine, Green Affairs and BDO.
Grade A distribution centre in Le Coudray-Montceaux, Greater Paris | Source: Savills IM
People mentioned
Sebastian Schambeck – Associate Director Portfolio Management, Savills Investment Management
Companies mentioned
Savills Investment Management – Seller, asset manager of ELF 2
Aberdeen Investments – Buyer, on behalf of German institutional investors
JLL, Cushman & Wakefield, De Pardieu Brocas Maffei, Eversheds Sutherland, Allez & Associés, KPMG, Etyo, MDA Accounting Group – Advised Savills IM
CBRE, LPA, Les Notaires du Trocadéro, Andine, Green Affairs, BDO – Advised Aberdeen Investments
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