CBRE Global buys French logistics for €240m

CBRE Global Investment Partners and joint venture partner Arax Properties have acquired a portfolio of logistics assets in France for €240 million ($262 million). The seller was a fund managed by Apollo Global Management.

The Nautilus Portfolio totals more than 4.73 million square feet across 12 distribution centers, located primarily in the main French logistics corridor running between Lille and Marseille. Asset sizes range between 215,278 square feet and 753,474 square feet. The portfolio is 98 percent let to five tenants: Dachser, Easydis, Elbee, Logidis and Transalliance

CBRE Global Investment Partners is an independent division of CBRE Global Investors.

In June, CBRE Global Investors acquired the Viking Logistics portfolio for €347 million ($380 million) from Warburg-HIH Invest Real Estate and TIAA-CREF. A majority of the assets are located in France, with one each in Germany and the Netherlands. It totals more than 6.4 million square