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Savills IM acquires Paris logistics property from Barings

A fund managed by Savills Investment Management has bought a newly-constructed distribution warehouse in Greater Paris from Barings.
The European Logistics Fund 2 (ELF 2) fund acquired the 30,420sqm logistics property in Le Coudray-Montceaux for an undisclosed amount.
The latest deal is Savills IM’s second purchase in France for ELF 2. The fund now holds a total of 16 properties in six countries, four of which are in France.

IPE Real Assets – 04 April 2019