European asset manager AEW has agreed to forward purchase a 18,000 m2 pre-let logistics project near the French city of Lyon, on behalf of a French institutional investor.
The property is being developed at Saint-Quentin-Fallavier by Open Box and is due to be delivered in the second quarter of 2018. The investment amount for the project was not disclosed.
The development is pre-let in its entirety to privately held asset manager BBL Invest on a nine-year fixed lease.
Arthur Loyd Logistique acted as an advisor for the sale of the asset. AEW was advised by Hogan Lovells, Wargny Katz, Batyom and Burgeap. Alcaix acted as adviser to the vendor.
