STAM Europe acquires 127,000 sqm of logistics platforms under development from PRD

Paris, 13 November 2017 – Highlands Logistics, an entity controlled by affiliates of a North American institutional investor and STAM Europe, has concluded the purchase of a portfolio of 4 logistics platforms from the developer PRD, leader in the real estate development of logistics assets in France.

The 4 projects are strategically located along the main road transportation axes and in proximity to the large urban areas of Valence, Dourges (Lille), Monbartier (Toulouse) and Angers.

The portfolio totals 127,000 sqm of class-A warehouses in line with the institutional standards of potential occupiers, to be delivered second semester 2018.

STAM Europe has already launched a pre-marketing campaign for the leasing of the assets.

In this transaction, Highlands was advised by JLL, the law firm Fairway and Wargny Katz, notary.

Source: STAM