Savills Investment Management has expanded its European Logistics & Industrial Fund (EULIF) with two new French assets, its second acquisition for the fund.
The international real estate investment manager has invested an unspecified amount on behalf of EULIF to buy the fully-let 11,822 square metres assets in Amiens and Valence from French developer 6e Sens Immobilier.
EULIF, an open-ended core-plus fund, was launched in January 2023 to target urban logistics and light industrial properties in “supply-constrained” European logistics markets.
The fund’s debut transaction was the acquisition of a multi-let light industrial park in Essen, Germany in the third quarter of 2023.
Source: realassets.ipe.com on the 19th of February