Brookfield has added a 1.6m sqft portfolio of assets to its French logistics portfolio.
The manager has acquired a 650,000sqft asset in Mer, Orleans and a 150,000sqft asset in Satoles en Bonce, Lyon from CBRE Investment Management; a 320,000sqft vacant asset in Meung sur Loire, Orleans from Abrdn; and a 400,000sqft asset in Marolles, South Paris from FM Logistics.
Financial details of the transactions were not disclosed.
Brookfield said all assets will be managed by its French logistics platform, Castignac, which oversees a portfolio of more than 25 assets and projects valued at over €1bn.
Dan Benhamou, SVP at Brookfield, said: “As we continue to see significant demand for scaled logistics solutions across Europe, we are pleased to acquire these prime logistics assets across France.
“These premises add to our significant footprint of high-quality warehouse space in strategic locations which connect France with the rest of Europe, allowing us to continue to support tenants in building robust supply chains throughout the continent.”
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