Paris, 11 September 2019 – CBRE Global Investors, on behalf of one of its separate account clients, has acquired a 31,000 sqm warehouse in Artenay-Poupry, France.
Located in the north of Orléans, the entire warehouse has been pre-let to a subsidiary of Groupe Mutual Logistics who have signed a six-year firm lease.
CBRE Global Investors has worked with GSE to develop the grade A logistics warehouse. The project, initiated by Primelog, will be delivered in early 2020 and aims to obtain a BREEAM level Good certification.
Gautier Beurnier, Head of Transactions France, CBRE Global Investors, said: “This pre-let grade A warehouse benefits from a great location within the growing sub-market of North Orléans. This deal is also our first opportunity to work in partnership with Primelog, which is an informal relationship we are pleased to establish.”
Hélène Fort of Primelog, said: “We have been faithful to our ethos throughout the project, which is to develop high quality logistics buildings that achieve environmental certification while supporting the development of growing companies”.
CBRE Global Investors was advised by Etude Monassier (Mourade Guechi), Linklaters (Françoise Maigrot), Immasset (Benoit Eckstein) and Environnance (Bruno Fruchard).
GML was advised by Anne-Hélène Garnier et Pierre-Thomas Durand (Etude Oudot).
– ENDS –
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.7 billion in assets under management* as of June 30, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.