Castignac, the French logistics platform owned by leading global alternative asset manager, Brookfield, today announces the acquisition of three prime location assets in France. The c. 1,154,500 sqft off-market portfolio comprises a 588,258 sqft site in Riom, a 406,941 sqft site in Vert-Saint-Denis and a 159,350 sqft site in Grenay. The Riom site is leased while the other two sites are available to let.
These acquisitions take the Castignac portfolio to 30 assets and projects worth over €1 billion under management. They follow the addition of warehouses in Paris, Lyon and Orleans to the portfolio last year. Castignac’s continued focus is on investment in strategically located supply chain facilities to meet tenant demand for Grade A assets with tactical transport links to major hubs in France and elsewhere in Europe.
The deal was brokered by Cushman & Wakefield with DLA Piper acting as lawyer and Etude NOTER as notary. Ireo carried out technical due diligence, while ICPE and environmental due diligences were undertaken by Andine GROUP.
Julien Claude Bouilly, Managing Director, Head of Investments and Asset Management, Castignac, said: “This off-market portfolio acquisition concludes an exceptional investment year in 2024 for Castignac. This strengthens our strategic presence in Paris and Lyon, which are key logistics hubs in France. We are pleased to expand our presence in these critical areas, enabling us to better assist both existing and new tenants in strengthening their supply chains so they remain agile as markets continue to evolve.”
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