Rockspring Property Investment Managers has acquired the Paris Oise Logistics Park, located in Longueil Sainte Marie to the North of Paris, for €78 mln.
Rockspring Property Investment Managers has acquired the Paris Oise Logistics Park, located in Longueil Sainte Marie to the North of Paris, for €78 mln.
The fund manager carried out the deal on behalf of its TransEuropean Property Limited Partnership V fund.
The vendor was LaSalle Euro Growth II fund.
The property offers a total of 142,300 m2 of warehouse space located in one of the logistics hubs north of the French capital. It is currently 90% let. and tenants include DB Schenker, Kuhne & Nagel, DHL, C&A and Etam.
Following this acquisition, the fund has now completed three purchases totalling close to €200 mln, including a portfolio of six retail assets in Sweden, the Löwen Center retail park in Leipzig, Germany and now the Paris Oise Logistics Park.
BNP PARIBAS Real Estate, CBRE, Clifford Chance and Notarial de Maître VACHON and Associates acted for LaSalle Investment Management.
Jones Lang LaSalle, Landwell, PWC, Turnbull, SCP Richemond and Associates, along with Notarial LNQV (Maître ZECEVIC) advised Rockspring.
