ASSET DESCRIPTION
- Ten light industrial parcs totaling 250,000 sqm
- The assets are located in Paris, Lyon and Marseille
CONTEXT
- Acquisition by Northwood Investors, the assets were sold by Axa and managed by Valad
- Post acquisition, the asset management has been transitioned to a JV created by Northwood and Normandie and the portfolio has been rebranded SWEN ('South West East and North')
- Full exit in different sub portfolios between 2016 and 2018
NORMANDIE'S ROLE
- Asset Underwriting
- Redevelopment analysis
- Co-investment alongside Northwood
- Asset and Property Management under a JV agreement with Northwood