CBRE Europe Value Partners 2 (EVP2), a value-add fund managed by CBRE Global Investors, has partnered with French logistics developer Virtuo to develop a portfolio of prime assets in established logistics locations throughout France.
“We have established this joint venture with a partner who is a specialist in French logistics. This transaction is in line with our European value-add strategy of creating core assets in supply-constrained markets,” said Charles Baigler, fund manager, CBRE Global Investors’ Europe Value Partners Series. “The logistics sector is a key focus for the fund series and we are keen to deploy additional capital into the sector across Europe.”
The seed portfolio comprises five sites in the main French logistics corridor (Marseille – Lyon – Lille) totaling 163,000 square meters (1.8 million square feet) of buildable area with construction commencing in first quarter 2019.
The joint venture is actively pursuing further opportuni
