Savills Investment Management has acquired a newly constructed logistics property in northwest France on behalf of a southern German pension fund.
The portfolio has been built up for the German pension fund since 2015 and has grown to include 13 properties in five European countries.
The asset was developed by Virtuo Industrial Property with the support of Alteo IM, which acted as asset manager and secured development financing through structuring a pool of investors around the developer and private investors.
The class A logistics property, which was completed in December 2024, is centrally located between Paris and Le Havre, near Rouen. It benefits from direct access to the A13 motorway and proximity to the greater Paris area. The entire rental space of 22,550 square meters (242,726 square feet) is fully let on a long-term lease to transport and logistics company De Rijke.
The modern building fulfils high Environmental, Social and Governance (ESG) stand
