A partnership between a Tristan Capital Partners-managed European fund and Edmond de Rothschild REIM has acquired a 136,000sqm logistics development in northern France.
The warehouse development project within the Delta 3 multimodal platform has been acquired through Tristan’s EPISO 6 and Edmond de Rothschild REIM for an undisclosed sum.
The project will feature 12 warehouse cells, five of which are pre-leased to a food and beverage firm.
Thibault Ancely, managing director at Tristan Capital Partners, said: “Our ambition with this new investment in logistics is to develop, alongside the authorities of Delta 3, a new generation of logistics product, offering to our tenants a combination of multimodal facilities with sustainable utilities.
“We are looking forward to making significant announcements in this regard in the coming weeks.”
Emmanuel Favreuille, managing director at Delta 3, said: “This major transaction for Delta 3 is testament to the continuous support of our local authorities to grow and strengthen our multimodal logistics hub.
“We are delighted to welcome, at the same time, a new set of investors and a new tenant on our platform and are excited to keep working with potential clients to complete the letting of this AAA asset which will conclude 20 years of continuous development of our logistics hub.”
Kristelle Wauters, managing director at Edmond de Rothschild REIM France, said: “With this operation, our teams have collectively showcased their ability to create the conditions of success, from the sourcing and structuring of the deal, to the negotiation of its financing with established partner Helaba, alongside the set-up of a team of trusted advisers.
“As operating partner and co-investor, we are very glad to start a fruitful collaboration with the team of Tristan Capital Partners.”
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