Savills IM, the international real estate investment manager, has acquired a logistics building near Angers, in the west of France, from an Action Group company as part of a sale and lease back transaction. The purchase was made on behalf of a German pension fund. The portfolio, built up since 2015, has now grown to 11 properties in Germany, France, Italy, Luxembourg and the Netherlands, including one property under construction.
The modern logistics property, completed at the end of 2020, is located in Verrières-en-Anjou near Angers, in the centre of the French region Grand Ouest. The approximately 70,000 sqm of lettable space is fully let to the non-food discounter Action on a long-term basis. The modern building has energy-efficient equipment including LED lighting, light sensors, charging stations for electric vehicles and solar panels on the roof. BREEAM Very Good certification is being sought.
Source: https://propertyeu.info/Nieuws/Savills-IM-snaps-up-French-logistics-property-for-German-pension-fund/4a66cbfc-726f-4d68-b20e-63da0cc02cac, on 26.10.2023