Barings, on behalf of a European core real estate strategy, has agreed the sale of a logistics asset near Lyon, France, to Fidelity International on behalf of its Pan-European Fidelity Real Estate Logistics Impact Climate Solutions Fund (the LOGICS fund).
The 27,622 square-meter (297,321 square-foot) property in Saint-Laurent-de-Mure was purchased in July 2019 as part of a portfolio of three assets let to La Poste – one of which, in Migné-Auxances in Poitiers, has also been sold, and the remaining one after this sale, in Villeneuve-la-Garenne, remaining under management. Saint-Laurent-de-Mure was built in 2004 for the tenant, which has a lease until 2029, and is made up of 25,215 square meters (271,412 square feet) of warehouse space, 2,139 square meters (23,024 square feet) of offices, and 222 square meters (2,390 square feet) of other uses on 66,395 square meters (714,670 square feet) of total land area. It also includes 154 external light vehicle parking units and 47 sp
