Invesco Real Estate has bought two logistics facilities in France for €61 million in a forward deal from property developer Arefim.
One site, comprising 47,000 sqm, is expected to be completed in the first quarter next year and is in the Orléans region.
The second site, in Reims, covers 44,000 sqm and will be completed in the second quarter of 2021.
Both assets – to be launched speculatively – are designed to serve the Greater Paris region as both regional and national hubs.
Jonathan Pierce, senior director of fund management at Invesco said that both facilities are well situated, within areas of high commercial activity and within excellent reach of major conurbations.
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