KKR has acquired a strategic stake in Etche France from Groupe BMF and co-founders. Etche is a private real estate company, founded in 2010, which owns and operates a portfolio of more than 120 assets with a gross asset value of €400 million ($439 million) across France in the logistics, light industrial and office sectors.
The investment in Etche was made through a European real estate fund managed by KKR.
Mai-Lan de Marcilly, director, European Real Estate, at KKR, said, “KKR and Etche have substantial experience having successfully invested together in the French logistics and light industrial sectors for the past six years. This transaction comes as an exciting next step in our relationship and reinforces KKR’s trust in the Etche team. We are delighted to invest in a high quality, diversified portfolio geared towards the I&L sectors that will benefit from structural tailwinds and strong market dynamics. ”
KKR has a significant recent track recor
