La Française Real Estate Managers (REM), a real estate asset management company with nearly €32 billion of assets under management (31/03/2023), has acquired off-market a logistics warehouse located at 360 rue de la Batie in Pont-d'Ain (01) from a fund managed by Harbert Management Corporation. This asset is strategically located, 50 km north-east of Lyon and 100 km from Geneva. The acquisition was made on behalf of ERAFP, a French institutional investor.
Developed by PRD and delivered in February 2022, this Class A warehouse is located in the “Plaine de l'Ain” Industrial Park, in the Greater Lyon logistics market, the second largest logistics market in France. The site has excellent access to the A42, A40 and A6 motorways, covering a large catchment area. Fully leased to three tenants, the warehouse has a total surface area of 50 405m2, including 1 047m2 of office space, and offers 229 parking spaces, including 15 for heavy goods vehicles. As a new asset aiming for the BREEAM Very Good label, it meets the latest technical standards (Grade A). Additionally, the roof is entirely covered with solar panels.
Leslie VILLATTE, Director of Institutional Investments and Real Estate Development – France of La Française Real Estate Managers – Institutional Division, said: "This acquisition was completed in the context of a renewed mandate. It constitutes the first logistics warehouse in the real estate portfolio that we manage on behalf of ERAFP, who we would like to thank for their renewed confidence. In Lyon, the logistics market is very competitive given the limited stock, well below take-up over the past five years. This scarcity of supply, together with the technical and environmental characteristics of the asset itself, should sustain the value of this prime logistics warehouse over time.”
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