MGPA, the private equity real estate investment advisory firm, and Concerto European Developer have announced that 43% of the Logiffine logistics park development in Lille has been let to logistics group Group Bils Deroo.
MGPA, the private equity real estate investment advisory firm, and Concerto European Developer have announced that 43% of the Logiffine logistics park development in Lille has been let to logistics group Group Bils Deroo.
The Lille site covers 42,000 m2 in total and is located in the Parc d’Activités des 4 Vents in Hem near Lille. The agreement with Group Bils Deroo covers 18,000 m2 and three out of the seven units on the site. The lease covers a nine-year period. CB Richard Ellis advised both sides of the transaction.
MGPA, on behalf of its managed fund MGPA Europe Fund II, began a partnership with Concerto in 2006, under which MGPA Europe Fund II holds a majority stake in Logiffine. The company aims to build a portfolio of logistics facilities in France to fill a gap in the market for technologically up-to-date, high-quality facilities in good locations.
