Realterm pronounces acquisition of 29,267-square-meter, cross-dock IOS web site in France
Amsterdam, Netherlands (June 14, 2023) – Realterm pronounces the expansion of its transportation logistics actual property platform in Europe with the acquisition of 5 Rue Georges Charpak, a 5,490-square-meter, cross-dock industrial outside storage (IOS) facility positioned on a 29,267-square-meter web site in Libercourt, France. The advantageously positioned, excessive circulate by means of (HFT) property boasts 73 loading positions.
“The French logistics sector has witnessed extremely low emptiness charges and restricted land availability.” mentioned Balazs Lados, Managing Director and Fund Supervisor at Realterm. “The rising demand for HFT logistics amenities in Europe makes this addition to Realterm’s European portfolio noteworthy.”
Located in a first-rate location, 5 Rue Georges Charpak is lower than 25 minutes from three main city areas: Lille, Lens and Douai, which collectively have a inhabitants of greater than two million residents. This central location gives handy entry to a few main transportation routes and proximity to massive city facilities, making certain swift connectivity and straightforward accessibility for logistics operations.
The power underwent in depth renovations in 2015 to boost its HFT performance. These options embrace low web site protection, ample parking, a number of egress/ingress factors, and a very good door ratio, all of which make it extremely adaptable to varied operational wants.
“We’re assured within the long-term worth of this facility, given the market’s robust tenant demand and the property’s connectivity to native highways,” mentioned Hugues Tallandier, Southern Europe Investments lead at Realterm. “We’re delighted so as to add this property to our European IOS portfolio.”
Highlights of 5 Rue Georges Charpak embrace:
• Constructing: 5,490 sqm
• Property space: 29,267 sqm
• Loading positions: 73
A picture courtesy of iStock is out there right here.
About Realterm
Realterm is an impartial international funding supervisor centered on the transportation trade. We purchase, develop, finance and handle differentiated actual property and infrastructure belongings serving land, air, sea and rail networks the world over. Realterm presently manages over $11 billion in belongings.
