Deka Immobilien has sold two logistics properties at different locations from a special fund in the Paris region. The purchaser of the two properties is an institutional investor. The parties have agreed not to disclose the sales price.
The logistics hall in Saint Witz, built in 2002, comprises over 28,000 sqm of leasable space and 131 parking spaces. It is leased in its entirety to supply chain specialist Global Services Automotive. The property is approximately 35 km north-east of Paris in the immediate vicinity of Charles de Gaulle Airport. After being held for 10 years, it is now changing hands. Halls A and B in Brie Comte Robert offer over 40,000 sqm and 224 parking spaces. Hall A is used in its entirety by La Poste, and Hall B in its entirety by Portmann Logistics. The property, which was built in 2003 and 2004, is located around 30 km south of Paris. It is being sold after having been held for almost 15 years. Both properties have been certified by BREEAM, the British certification for sustainable construction.
This transaction sees the special fund management using this favourable sales opportunity to optimise the portfolio. The properties are coming to the end of their initial real estate cycles due to their age and remaining leasing periods.