Real I.S. AG has acquired a logistics portfolio in Mer, France, for its BGV VIII EUROPA real estate special AIF and REALISINVEST EUROPA, an open-end real estate fund for private individuals.
The portfolio comprises three logistics properties with rental area totaling around 123,000 square meters (1.32 million square feet) and a total storage area of 118,000 square meters (1.27 million square feet) fully leased to three tenants with excellent credit ratings. Mer is a suburb of Orléans in France’s fourth-largest logistics location. The vendor is AXA IM – Real Assets, acting on behalf of clients. The parties have agreed to keep the purchase price confidential.
The three new contemporary class A core logistics properties A, D and E were completed in July 2020, with building E already finished by fourth quarter 2019. All properties feature the customary IPCE approvals.
“The high quality of the buildings and the tenants, along with the location and transport co
