Ontario Teachers’ Pension Plan and Boreal IM’s joint venture have announced the acquisition of a 149,000-square-meter (1.60 million-square-foot) portfolio of three fully let logistics assets in Paris and a 46,000-square-meter (495,000-square-foot) warehouse in the Ruhr region of Germany.
The French acquisition marks the joint venture’s third significant investment in the country in the last two years. The portfolio in France now stands at 388,000 square meters (4.18 million square feet). The newly acquired portfolio comprises:
Bussy Saint Georges: An 84,000-square-meter (904,000-square-foot) asset on the A4 motorway, 30 kilometers (19 miles) east of Paris, fully let to a major retailer as its main logistics and ecommerce distribution center.
Lagny-le-Sec: Spanning 42,000 square meters (452,000 square feet), this facility is located north of Paris on the N2 motorway, 18 kilometers (11 miles) from CDG Airport, and serves as the main logistics center
