Barings acquires prime logistics development in Nanteuil le Haudouin, France
May 14, 2018
LONDON, 14 May 2018 – Barings Real Estate, part of Barings LLC, one of the world’s largest diversified real estate investment managers, announced that it has agreed to forward purchase, in an off market transaction, the development of c.23,000 sq m grade A logistics warehouse in Nanteuil le Haudouin, France, from Nexity Immobilier d’Entreprise, as part of its pan European core investment strategy, on behalf of an institutional investor.
The development, which will be built to a BREEAM “Very Good” rating, comprises four cells and includes 1,040 sq m of office space. Work have started and the property will be completed in 10 months’ time. Situated in the ZAC du Chemin de Paris, an established industrial park, the warehouse is located in a prime location North East of Paris on one of the main logistics corridor in France. In addition, the asset provides excellent connectivity to the surrounding highway network, as well as the international Roissy CDG airport.
Severine Laffineur, Head of France at Barings Real Estate, said, “Demand for quality logistics units in France continues to be very strong. Given the prime location and the excellent build quality, this should be a very successful development. We will continue to grow our presence in France through acquisitions across the risk spectrum in the logistics, office and retail sectors.”
Barings was advised by BNP Paribas Real Estate (Real Estate) and Oudot & Associés (Notary). Nexity was advised by Etude Trocadéro (Notary).
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