Logistics investor MEAG has purchased a 40,000 m2 logistics facility near Paris on behalf of one of its real estate funds.
The deal is a sale-and-leaseback agreement with the Mousquetaires Group (Intermarché), which has taken a 12-year lease on the entire facility, with occupancy slated for early 2027. Financial details were not disclosed, but MEAG said payments will be tied to construction progress.
The Mauchamps site offers easy access via the N20 highway and proximity to the Mousquetaires Group headquarters.
The project is targeting BREEAM Excellent certification and will incorporate rooftop solar panels.
Katrin Hupfauer, head of real estate transactions, said: ‘Long-term leased and sustainably certified logistics properties in convenient locations are attractive for us as investors for our clients in the long term. The attractiveness of logistics follows a sustainably positive trend.’
Gwenola Porschberger, transaction manager, added: ‘We were also able to prevail in the bidding competition due to our transaction security. I would like to thank everyone involved, especially the seller’s team, for their trust, and I look forward to further cooperation.’
The acquisition, MEAG’s third logistics property purchase this year (following investments in the Netherlands), expands its Western European portfolio, bringing the total value of its European logistics holdings to over €500 mln.
MEAG was advised on the transaction by Jones Lang LaSalle (real estate), CMS (legal), and Essor (technical).
