The 282,700 sqm portfolio of 7 fully-let logistics assets was sold to Gramercy Europe at the end of June.
STAM initially purchased 6 of the 7 assets in the portfolio, on behalf of Tristan’s Curzon Capital Partners IV fund, from Prologis in 2016.
Through active asset management initiatives, STAM maintained the full occupancy of the buildings and secured a strong income yield for the fund.
The assets are very well located near strong French logistics hubs and fully occupied with grade-A tenants such as Auchan, ID Logistics, Conforama, Michelin and Burton.
Gramercy has retained STAM going forward to assist on the management of the assets and the potential development of additional areas on the sites.