Pictet Group
Pictet acquires a portolio of 6 high quality reversionary logistics assets in Greater Paris, Orleans & Lille
Media release · 04 Apr 2024
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Pictet Alternative Advisors, in a Joint Venture with Arax Properties, has completed the purchase of 6 high-quality reversionary assets in prime distribution locations (across the Dorsale region) from Mileway.
The portfolio consists of four assets in Greater Paris, one in Orleans and one in Lille totalling c. 122,000 sqm of logistics space.
The assets are let to a diversified roster of high quality tenants and the strategy entails the implementation of an active tenant management approach alongside a number of ESG initiatives.
The portfolio was acquired with senior financing from La Banque Postale.
Pictet has more than 30 years’ experience in alternative asset management and offers investors access to real estate investment opportunities across Europe.
We are glad to have secured assets in such established logistics locations and are looking forward to working with both our tenants and partner to real-ise their full potential. We hope this portfolio can serve as the corner-stone for future acquisitions in the French logistics sector.
The Joint Venture was advised by Archers, BCLP, Wargny Katz, First Growth, Etyo & AKD on the acquisition.