KKR and Etche, KKR’s logistics real estate platform in France, have announced the acquisition of the Scott logistics portfolio from Ivanhoé Cambridge for an undisclosed amount. The transaction, comprising five buildings with a total area exceeding 160,000 sqm, is KKR’s first in France via its Core+ real estate strategy, and fourth for the strategy in Europe this year following UK, Finland and Sweden acquisitions.
CA-CIB provided funding for the operation through a structured financing arrangement in the form of a green loan. The assets, two of which have just been completed, are located in prime logistics zones in the ‘Dorsale’ on the outskirts of Lyon, Grenoble, Orléans, Compiègne and Strasbourg. The buildings are fully occupied by quality anchor tenants on long-term leases.
Source: https://propertyeu.info/Nieuws/KKR-Etche-take-over-160-000m2-logistics-portfolio-in-France/ae1b9a5d-1659-4a72-b0fa-d4f3e52b754c, on 26.10.2023