Allianz acquires French logistics portfolio
Allianz Real Estate, acting on behalf of several Allianz group companies, has expanded its logistics footprint in France, acquiring a 100 percent stake in a core logistics portfolio. The portfolio, consisting of four prime assets, represents excellent growth opportunities due to the local demand for high-quality distribution and logistics capabilities.
The acquisition builds on Allianz's relationship with AEW, having announced in March that it had partnered with the firm to launch a new develop-to-core strategy focused on funding speculative developments within the U.K. logistics sector. In May, Allianz also announced its first venture in this new partnership, which focuses on units of 200,000 square feet or larger in prime locations in the United Kingdom.
“Our investments in class A logistics portfolios in prime locations continue to grow, consolidating our position in a dynamic market, and we are delighted to have been able to strengthen our relationship with AEW,