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Savills IM acquires two prime, fully leased French logistics assets
Transactions - FEBRUARY 23, 2024

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Savills IM acquires two prime, fully leased French logistics assets

by Released

Savills Investment Management (Savills IM) has acquired two urban logistics assets in Amiens and Valence, France, for its European Urban Logistics & Industrial Fund (EULIF).

The seller is 6e Sens Immobilier, one of the major players in property development and value enhancement in France.

Completed in 2021, the portfolio comprises of two modern, cross-dock assets, which offer a total of 11,822 square meters (127,250 square feet) of leasable space and are fully leased to a global transport and logistics company, with a weighted average unexpired lease term of approximately seven years. The assets are strategically located along the main French logistics corridor, near major highways and close to urban markets.

Targeting BREEAM In-Use Very Good certification, both facilities are equipped with EV charging stations and LED lighting, with the Valence asset also having solar PV panels installed on the roof.

The transaction is the second acquisition complete

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