Barings Real Estate has agreed to forward purchase, in an off market transaction, the development of 23,000 m2 grade A logistics warehouse in Nanteuil le Haudouin, France, from Nexity Immobilier d’Entreprise.
The deal was closed on behalf of an institutional investor.
The development will comprise four cells and include 1,040 m2 of office space. Situated in the Chemin de Paris industrial park, northeast of Paris, the warehouse is expected to be completed in 10 months’ time.
Severine Laffineur, head of France at Barings Real Estate, said, 'Demand for quality logistics units in France continues to be very strong. Given the prime location and the excellent build quality, this should be a very successful development. We will continue to grow our presence in France through acquisitions across the risk spectrum in the logistics, office and retail sectors.'
Barings was advised by BNP Paribas Real Estate (Real Estate) and Oudot & Associés (Notary). Nexity was advised by Etude Trocadéro (Notary).
