Rockspring Property Investment Managers has bought a French logistics portfolio from Foncière des Régions.
The investment manager bought the portfolio of four assets for its TransEuropean VI fund for €101m.
Paul Hampton, fund director at TEP VI, said the deal would give the company’s Paris staff “a number of value-creation angles to explore”.
The manager also completed deals in Geneva and London and now has €300m invested in French logistics.
The 214,597sqm portfolio is fully let to tenants including DHL, Amazon, Honeywell, Rhenus Logistics and Celio Logistique.
The portfolio is in Dunkirk, Chalon-sur-Saône, Salon-de-Provence and Bollène.
Rockspring said its TEP VI vehicle had raised €327.5m from seven international institutional investors.
The 55%-geared fund, also investing in the office and retail sectors, is aiming for a €500m hard cap.
The company recently invested in a Spanish logistics park for a separate account client, buying the Torrejón Logistics Park in Madrid for an initial €28m.