Transactions - JUNE 9, 2021

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BNP Paribas REIM UK sells Amazon fulfilment center for €186m

by Andrea Zander

BNP Paribas Real Estate Investment Management (BNP Paribas REIM), acting on behalf of Seoul-based Vestas Investment Management (Vestas), has sold Amazon’s fulfilment center in Bardon, U.K., to Savills Investment Management.

The asset was acquired in 2016 and was the first collaboration between BNP Paribas REIM and Vestas. The partners have since invested in excess of €700 million ($853 million) in opportunities in the office and logistic sectors across continental Europe.

The 1.1 million-square-foot facility center with clear eaves heights of 14 meters (46 feet) has benefited from significant tenant investment, which includes a planned installation of 7,360 solar panels on the roof.

“We are very pleased to close the first successful investment on behalf of Vestas, who has been a partner of choice for us over the last few years. It demonstrates our group’s capacity to support institutional investors in building outperforming, diversified core portfolios i

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