ASSET DESCRIPTION
- Twenty-two light industrial assets totaling 178,000 sqm
- The assets are located in across France with 2/3 of the value in the Paris region, Lille and Nice
- Long term lease in place with Elis which is an international multi-service provider, offering textile, hygiene and facility service solutions
CONTEXT
- Acquisition by Blackstone from Tikehaue and Fonciere Atland
- Post acquisition, the asset management has been transitioned Normandie
NORMANDIE'S ROLE
- Asset Underwriting
- Redevelopment analysis
- Co-investment alongside Blackstone
- Asset Management under a JV agreement with Blackstone