BentallGreenOak acquires Angers site for new 25,000 sq m logistics development
BentallGreenOak (BGO) is to acquire a site in the Angers region of France for the construction of a new 25,000 sq m logistics facility.
This deal bolsters BGO’s position in the French logistics market, adding to the more than EUR700 million of logistics asset investments in France since 2017, with commitments to continue adding new assets and developments to its portfolio across its key target sectors of logistics, office, data centres and life science.
The new logistics development will be built to the highest standards, targeting BREEAM Very Good certification, with specifications that include 10.8m free height, multiple ICPEs, 5 ton/sq m of floor loading capacity and 24 docks.
Reflecting the firm’s growing French portfolio, BGO also announced the hiring of Julien Bernheim as Principal, based in the Paris office. Over the course of his 14-year career, Bernheim has participated in the execution of more than EUR3.2 billion in transactions, for different types of funds, on core and value add strategies, mainly in the office and logistics sectors. He was previously at Invesco Real Estate, where he was responsible for acquisitions and disposals for the firm in France. Prior to that, Bernheim began his career at Compagnie La Lucette in 2007, then joined MGPA (eventually acquired by BlackRock) in 2008. Julien is a graduate of ESSEC Business School.
“Julien's recruitment illustrates the importance of the French market for BentallGreenOak. Julien will allow us to further establish our local representation and accelerate our investing activities in France both in logistics – as demonstrated in our latest development project in the Angers region - and other asset classes,” says Toby Phelps, Managing Partner and Head of European Equity at BentallGreenOak.