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Sign in Sign up for a FREE subscriptionEuropa Capital’s European core fund completes 645,835 sf of logistics transactions
Europa Capital has completed two separate transactions — the acquisition of a 46,758 square meters (503,299 square feet) logistics facility in Nantes, France, from DTZ Investors Logistics Development Fund I, a vehicle advised by DTZ Investors; and the sale of a 12,171-square-meter (131,008-square-foot) logistics asset in Eindhoven, Netherlands. The transactions have been completed on behalf of the Europa Diversified Income Fund (EDIF).
Situated in Grandchamps-des-Fontaines near Nantes, the newly constructed logistics facility occupies a prime distribution location with supply constrained dynamics. The asset is fully let on a long lease to Lidl, Europe’s largest supermarket group, with plans to further improve the property’s sustainability credentials.
Warehouses now represent 42 percent of EDIF, with logistics assets in France, Germany and across the Netherlands.
EDIF has a gross asset value (GAV) of €530 million ($529.2 million), with more than two thir
