CBRE Investment Management, on behalf of a separate account client, has acquired a Grade A logistics facility in France’s Lyon region from Altarea Logistique.
Delivered in November 2024, the project represents a total lettable area of 56,225 m2 comprising two warehouses and an independent office building. The assets are fully let to SAMSE, a distributor of construction tools and materials.
Each warehouse is equipped with a 150kWp self-consumption PV power plant and all the suitable roof space will be covered with PV panels.
Heating, ventilation, and air conditioning (HVAC) systems for both offices and warehouses are supplied via a low-carbon heat pump system, and LV and HV electric charging points are available.
The assets are located in La Boisse - an established logistics hub circa 30 minutes from Lyon and 10 km from Lyon Saint-Exupéry Airport, with direct proximity to the A7/A6 highways linking Paris and Marseille and the A42 and A432 (Lyon’s logistics ring road).
Thibault Nicolle-Malpas, transactions director at CBRE IM, said: ‘The French logistics market remains highly competitive despite challenging capital market conditions, reflecting robust investor appetite for the sector.
‘This acquisition aligns well with our client’s strategy, of acquiring core logistics assets in key Eurozone markets, as well as CBRE IM’s broader goal of delivering sustainable real estate solutions. It further demonstrates our strong conviction in the logistic sector and our continued commitment to acquire and (co)develop in strategic locations.’
CBRE IM was advised by the capital markets department of CBRE Industrial and Logistics as a buy-side advisor alongside Monassiers&Associés, Allen&Overy and Immasset. Altarea Logistique was advised by Ginon&Associés.
