IDI Gazeley has bought a portfolio of logistics assets from CarVal Investors for around £95m.
The 2.4m sq ft portfolio comprises 11 buildings in France and two in Hungary.
The purchase brings the total assets purchased by the company this year up to 3.8m sq ft.
Nick Cook, IDI Gazeley’s chief acquisitions officer, said: “This off-market portfolio acquisition fits squarely with our strategy of acquiring value-add logistics assets in important European sub-markets, leased to strong customers. We look forward to making further acquisition announcements in due course.”
