GLP, a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies, announces the acquisition of a logistics building in Ploisy (02), within the ZAC du Plateau.
This off-market transaction was carried out with AG Real Estate France.
GLP France is continuing its expansion with the acquisition of a new 41,000 SQM logistics facility in Ploisy. Delivered in 2020, the turnkey building, built by Quartus, will be fully leased to logistics provider Houtch, which is already GLP's tenant at the neighbouring facility.
This acquisition further strengthens GLP's presence in the area, which now boasts two logistics facilities totalling almost 78,000 SQM. GLP’s portfolio in France now totals more than 1.6 million SQM. GLP France was advised on this transaction by Etude Cheuvreux (Notary), DLA Piper (Legal), Deloitte (Tax), Workman Turnbull (Technical), Kaliès (Environmental) and Payet / ERM (ESG).
Philippe Graziani, Managing Director, GLP France, commented: "We are proud to have been able to finalise this acquisition which strengthens our portfolio and demonstrates once again our ability to position ourselves in high-quality off-market deals. The quality of the asset, its strategic location and the opportunity to consolidate our presence in the ZAC du Plateau were decisive factors in our investment decision.”
Thibault Delamain, Managing Director - Head of Investment and Asset Management, AG Real Estate France, said: "We are very pleased with this transaction, which enables us to meet our insurance company's capital gains targets, and confirms our flexibility of action in an uncertain market environment. Our asset portfolio is diversified, with office, retail, logistics and business properties, so we are able to manage our divestments following a successful and profitable asset management exercise. The AG Real Estate France teams work with agility and rigour to deliver high-performance results. We would like to thank the GLP teams for their efficiency and professionalism.”
Photo: Jad Sylla