Pan-European SCPI LOG IN continues to deploy capital raised with the acquisition of a logistics real estate complex in Scotland. The development encompasses two buildings totaling about 7,550 square meters (81,268 square feet) and is leased to two prominent tenants (DHL and Crown Worldwide). Located in an industrial area of Livingston, near Edinburgh in Scotland, these buildings benefit from excellent transportation networks due to their proximity to the motorway, airport and the Edinburgh metropolitan area.
“This real estate complex with an EPC A finalizes the 2023 acquisitions of Log In and completes a portfolio of nine buildings acquired for more than €90 million [$99 million] after only 15 months of activity. The current inflows will allow us to strengthen the geographical exposure of the portfolio currently deployed in four countries from 2024,” said Romain Welsch, chairman of Theoreim.
Guillaume Masset, senior managing director real estate, Principal As
