M&G Real Estate has announced €49 million ($49.97 million) of forward funding for two logistics warehouses in the established submarket of Orléans.
The off-market acquisition was made on behalf of the €4.5 billion ($4.59 billion) M&G European Property Fund, which is seeking to increase its portfolio exposure to logistics and residential throughout Continental Europe.
The first warehouse, located in Meung sur Loire, France, will offer a total area of 25,000 square meters (269,000 square feet), fully preleased to DHL. The second one, in Poupry, France, purchased on a speculative basis, will offer at delivery 29,000 square meters (312,000 square feet) of dividable class A areas. Scheduled for completion in April 2026 and developed by Exia, a well-established regional developer with a strong track record, the warehouses will post-delivery target a BREEAM Excellent label and incorporate sustainability elements such as solar panels, water recycling, improved was
