Internos Global Investors, the €4 bn real estate fund manager, has let 25,000 m2 of warehouse space to logistics Group Tempo One at the Actilogis building in the port of Fos-sur-Mer (Distriport), France.

Internos Global Investors, the €4 bn real estate fund manager, has let 25,000 m2 of warehouse space to logistics Group Tempo One at the Actilogis building in the port of Fos-sur-Mer (Distriport), France.

The long-term letting, one of the largest in the logistics sector in France this year, was completed on behalf of the Internos-managed Euro Property 1 fund.

Located on the Mediterranean coast in the port of Fos-sur-Mer, around 50 km northwest of Marseille, the Actilogis building comprises eight units totalling 50,000 m2 of warehouse and ancillary office space. The asset is one of 75 properties with an aggregate value of €825 mln currently managed by Internos' French team.

'This is one of the largest logistics lettings in France this year, it signals a revival in economic activity in the port area of Marseille and follows two years of very subdued letting activity,' said Guillaume Masset, head of Benelux and Southern Europe at Internos.

Internos and Tempo One were advised on this transaction by EOL.