Fairway advised Realterm on the acquisition of a logistics portfolio of 15 assets for a total surface area of 73,000 m², a first for the group in France. The assets, entirely leased by “leading players”, are located around major French cities such as Paris, Marseille and Toulouse.
“The French logistics market is characterized by a strong imbalance between supply and demand, with a record vacancy rate and incredibly strong demand,” notes Hugues Tallandier, head of investments in Southern Europe at Realterm. “Transportation-oriented logistics facilities accelerate the efficient flow of goods through the supply chain and are in high demand throughout Europe. As a result, rents are increasing, making this portfolio a notable addition to our European holdings.”
“The existing leases on these properties are fully tied to inflation, with a very attractive valuation opportunity in the market over the next few years,” insists Alberto Radice Fossati, fund manager. “They represent exactly the type of assets we will pursue in what could be an unpredictable market where the ability to grow revenues will be critical to generating our target return.”