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Investors - JUNE 23, 2022

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ICG Real Estate launches €500m urban logistics platform

by Andrea Zander

ICG Real Estate has launched a new investment platform together with Paris-based specialist investor and asset manager Atlantic Real Estate.

The platform will target a €500-million-plus ($526-million-plus) gross asset value portfolio via acquiring or developing last-mile logistics and light industrial assets across Greater Paris and other major population centers in France. The venture is seeded with a portfolio of 26 assets, representing approximately 100,000 square meters (1.1 million square feet) of high-quality distribution space, fully let to large corporate and government tenants.

The portfolio is the first transaction for the new ICG Real Estate Opportunities strategy and has been sourced entirely off-market. ICG Real Estate Opportunities targets value-add and opportunistic investments between €50 million and €150 million ($53 million and $158 million) of equity, primarily across France, Germany and the United Kingdom. The strategy will focus on special s

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