Aviva Investors has announced the acquisition of a logistics warehouse under development in the Maine-et-Loire department of France for an undisclosed amount.
Spanning 35,000 m2 of lettable space, the property is located in the ‘Océane’ logistics cluster located near the city of Angers, in western France.
Aviva Investors acquired the warehouse from PRD (Percier Réalisation et Développement) which had been developing the location since 2018. The construction of the warehouse will be undertaken by PRD, with completion expected in the second half of 2021 and is fully pre-let under a long-term lease.
The warehouse will integrate the latest technical standards with the aim of achieving the BREEAM ‘Good Certification’.
