Rationale and achievements

This portfolio of four, to be developed, grade-A logistics warehouses was acquired from Prd, the leading logistics developer in France. All four locations are strong logistics markets with positive demand / supply dynamics.

STAM negotiated the construction management contracts with the developer and monitors the construction works while in parallel organizing and supervising the pre-marketing of the assets during construction. As of December 2018, the portfolio was already pre-let at 52% prior to delivery.

The asset in Angers, a 42,200 sqm grade-A warehouse, has been fully let to XPO five month prior to delivery through a long term lease, resulting in a significant value creation.

  • Location France
  • Type Logistics portfolio
  • Surface 126,000 sqm
  • Acquisition date September - October 2017
  • Value creation strategy Spec development of grade-A logistics assets
  • Client North American Pension Fund (Highlands Logistics)
  • Status On-going

Angers

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Malesherbes
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