Real estate manager AEW has acquired a 97,000 square meter logistics portfolio in France on behalf of a local institutional investor for an undisclosed sum.
AEW said with the addition of the five-asset urban warehouse and last-mile logistics portfolio, the total capital deployed for the mandate now stands at €195 million since late 2023.
The French institutional investor’s strategy is currently focused on France, with a plan to expand into other Western and Southern European markets, AEW added.
The portfolio, consisting of seven prime urban logistics assets, spans approximately 166,500 square meters and has a total occupancy of 95%.
Source: realassets.ipe.com on the 17th of October