Westbrook Partners, a Boston-based real estate company, and Paris-based commercial property group STAM Europe have teamed up to acquire a portfolio of seven French warehouses, comprising a total of 90,000 m2, for EUR 41 mln. Six of these assets are situated in the Paris region, and one in Lyons. All the warehouses will used by different tenants. Westbrook Partners and STAM Europe said they intend to strengthen their presence in this sector with future acquisitions, and some of them are already under consideration.
Westbrook Partners, a Boston-based real estate company, and Paris-based commercial property group STAM Europe have teamed up to acquire a portfolio of seven French warehouses, comprising a total of 90,000 m2, for EUR 41 mln. Six of these assets are situated in the Paris region, and one in Lyons. All the warehouses will used by different tenants. Westbrook Partners and STAM Europe said they intend to strengthen their presence in this sector with future acquisitions, and some of them are already under consideration.
