Realterm announces the growth of its transportation logistics real estate platform in Europe with the acquisition of 5 Rue Georges Charpak, a 5,490 square meter, cross-dock industrial outdoor storage (IOS) facility located on a 29,267 square meter site in Libercourt, France. The advantageously located, high flow through (HFT) property boasts 73 loading positions.
“The French logistics sector has witnessed incredibly low vacancy rates and limited land availability.” said Balazs Lados, Managing Director and Fund Manager at Realterm. “The increasing demand for HFT logistics facilities in Europe makes this addition to Realterm’s European portfolio noteworthy.”
Situated in a prime location, 5 Rue Georges Charpak is less than 25 minutes from three major urban areas: Lille, Lens and Douai, which together have a population of more than two million residents. This central location offers convenient access to three major transportation routes and proximity to large urban centers, ensuring swift connectivity and easy accessibility for logistics operations.
Source: realterm.com on the 14th of June 2023
https://www.realterm.com/news/realterm-announces-acquisition-of-29267-square-meter-cross-dock-ios-site-in-france/