European real estate investment manager Europa Capital has completed two separate transactions, which comprise the acquisition of a 46,758 m2 logistics facility in Nantes, France, from DTZ Investors Logistics Development Fund I, a vehicle advised by DTZ Investors, and the sale of a 12,171 m2 logistics asset in Eindhoven, Netherlands.
The transactions have been completed on behalf of the Europa Diversified Income Fund (EDIF).
Situated in Grandchamps-des-Fontaines near Nantes, the newly constructed logistics facility occupies a prime distribution location with supply constrained dynamics. The asset is fully let on a long lease to Lidl, Europe’s largest supermarket group, with plans to further improve the property’s sustainability credentials.
Warehouses now represent 42% of EDIF’s portfolio with logistics assets in France, Germany and across the Netherlands.
EDIF has a GAV of €530 mln, with over two thirds of the portfolio in the logistics and residential sectors where Europe’s rental growth prospects are strongest.
For the Nantes acquisition, Europa Capital was advised by Alpha Logistics Real Estate, who will remain the asset manager.
