Barings Real Estate acquires 30,500 sq m logistics platform
Barings Real Estate, a global investment and property management firm, has just acquired via VEFA (sale of property for future completion), a 30,5000 sq m logistics platform on spec at the Haies Blanches park in Coudray-Montceaux, from the Panhard group.
Construction started in September and the building should be completed in July 2018. The development is partially financed by BNP Paribas.
Barings Real Estate, who have been developing investments in France since 2016, has chosen the Haies Blanches industrial park which fulfils all the key criteria: location, accessibility, design, energy performance, taxation and even the employment market. It has already attracted groups such as Auchan, Carrefour, and even XPO and Kuehne + Nagel.
LPA-CGR avocats advised Barings Real Estate on the deal with Sandra Fernandes, partner and Marie Boustany (tax), Silke Nadolni, partner and François Metz (investment), Alexae Fournier-de Faÿ, partner and Laurie Chassain (financing).