Realterm has announced the acquisition of 5 Rue Georges Charpak, a 5,490-m2, cross-dock industrial outdoor storage (IOS) facility located on a 29,267-m2 site in Libercourt, France.
Situated in a prime location, the facility underwent extensive renovations in 2015 to enhance its HFT functionality.
'The French logistics sector has witnessed incredibly low vacancy rates and limited land availability.' said Balazs Lados, managing director and fund manager at Realterm. 'The increasing demand for HFT logistics facilities in Europe makes this addition to Realterm's European portfolio noteworthy.'
'We are confident in the long-term value of this facility, given the market’s strong tenant demand and the property’s connectivity to local highways,' said Hugues Tallandier, Southern Europe Investments lead at Realterm.
