Cube Infrastructure Partners, an infrastructure investor that invests in 'essential and local infrastructure' assets such as fibre networks, energy transition and transport, has acquired Dispam, a French temperature-controlled logistics operator that operates out of seven warehouses and owns 170 vehicles.
With logistics property investors highlighting temperature-controlled warehouses as a growth area, Cube said it had acquired a 78% stake in the company for its Fund III.
Recent examples of real estate platforms targeting cold storage assets include Barings, which announced in April the purchase of an asset in Berlin. In May, DWS highlighted cold storage as a sub sector of logistics.
Cube's investment is not a real estate deal but highlights the crossover in Real Assets taking place between real estate and infrastructure investment firms.
Many real estate companies are actively seeking exposure to digital infrastructure assets, for example, as well as underground fibre cable networks, and telecoms masts, while infrastucture investors have traditionally been seen as the natural buyers of such assets and operators.
