Barings Real Estate has acquired two logistics warehouses totalling 968,751 sq ft in Savigny le Temple and Réau, in the southern part of Paris.
The investment is part of Barings’ pan-European core plus investment strategy, on behalf of an institutional investor.
The vendor is a private investor advised by CBRE and Etude 14 Pyramides.
Barings was advised by BNP Paribas Real Estate. The deal was financed by La Banque Postale.
Séverine Maumy-Laffineur, Barings managing director and real estate country head – France, said: “This is Barings’ third logistics acquisition in France this year, bringing our total French logistics portfolio to approximately 160,000 sq m [1.7m sq ft]. With the continued growth in online sales, logistics assets remain attractive investments for institutional investors interested in long-term growth opportunities.”
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