Real estate acquisitions

La Française Real Estate Managers acquires a last-mile logistics warehouse in La Coruña (Spain)

20 April 2023

La Française Real Estate Managers (REM), acting on behalf of two collective real estate investment vehicles, announces the off-market acquisition of a last-mile logistics warehouse in La Coruña (Spain) from VECTURA, a company specialised in the acquisition and development of industrial and logistics property assets.

Delivered last February, the warehouse is fully let to a key e-commerce player on a long-term lease. The asset has a total surface area of approximately 7,935 m², including approximately 5,756 m2 of warehouses and 2,179m2 of offices, as well as eight delivery bays and 571 parking spaces (of which 448 are for vans).

Located in the Espirito Santo industrial zone, the warehouse has excellent motorway access (AP-9, AG-13, N-V1), enabling it to cover a very large catchment area. The asset meets the latest technical and environmental standards, with a BREEAM Very Good certification, thanks in particular to the inclusion of 400 m2 of roof-mounted solar panels. In addition, the property meets the main sustainability criteria of the new investment charter defined by La Française Real Estate Managers.

Thierry MOLTON, Managing director of La Française Real Estate Managers - Retail Division, concluded: "Ideally located on the north-western coast of the Iberian Peninsula, this logistics warehouse provides rapid links to the main towns and cities in Galicia. The asset has attractive valuation prospects, particularly in view of the tenant's reputation, its strategic location and the scarcity of available land. This acquisition is a continuation of the partnership with VECTURA that has been developed by the institutional division of La Française Real Estate Managers, represented by Arthur Brizard, Deputy Investment Director." 

La Française REM was advised by Ashurst, ETYO and BNP Paribas Real Estate over the course of this transaction. Vectura was advised by Cuatrecasas.


About La Française

The major changes linked to environmental and societal challenges are opportunities to consider the future. The new levers which have been identified will constitute the growth and the financial and real estate performance of tomorrow. La Française management group’s forward-looking investment strategy is built upon this conviction and mission.

The group uses its capacity for innovation and its technology to serve its customers and to design its investment solutions that combine performance and sustainability.

Organised around two business lines, "Financial Assets" and "Real Estate Assets", La Française is developing its business with institutional and heritage clients in France and abroad.

La Française has over 49 billion euros in assets under management with operations in Paris, Frankfurt, Hamburg, London, Luxembourg, Madrid, Milan, Seoul and Singapore (as at 31/12/2022).

La Française is a subsidiary of Caisse Régionale du Crédit Mutuel Nord Europe (CMNE), a member of Crédit Mutuel Alliance Fédérale (LT ratings A+/Aa3/AA- from S&P (12/2021) / Moody's (02/2022) / Fitch (05/2022). 

Vectura is the holding company of the CHICHE family. Vectura includes:

  • A real estate activity specialised in the development and management of industrial and logistics assets (700,000 sqm in assets, €50 million in annual rents, 230 tenants);
  • A real estate development activity focused on the development and sale of industrial and logistics assets;
  • A logistics services business dedicated to industrialists, retailers and e-tailers who demand a quality turnkey logistics service.

VECTURA (50 professionals) masters the entire logistics and real estate value chain: land acquisition, land development, new construction, major renovations, financing, leasing, rental management and logistics services.

La Française contact persons
La Française: 
Pascale Cheynet: +33 1 43 12 64 25 |
Debbie Marty: +33 1 44 56 42 24 |

Issued by La Française AM Finance Services, whose head office is located at 128 boulevard Raspail, 75006 Paris, France. It is regulated by the "Autorité de Contrôle Prudentiel" as an investment services provider under number 18673 X, an affiliate of La Française. 

La Française Real Estate Managers, a company accredited by the Autorité des Marchés Financiers under number N GP07000038 on 26 June 2007, accreditation ("Professional Licence") issued by the Chamber of Commerce and Industry of Paris Île-de -France under the number CPI N 7501 2016000 006 443, authorised to carry out transactions on buildings and commercial assets as well as property management and AIFM approval under Directive 2011/61/EU 24 June 2014.


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