BUCHELAY / LONDON (IT BOLTWISE) – Union Investment has acquired a modern logistics center in Buchelay, France, after a two-year break in the real estate market. This strategic investment underlines the company’s confidence in the French logistics sector and marks a significant step in expanding its high-quality portfolio.
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Union Investment recently acquired a state-of-the-art logistics center in Buchelay, France. This property, fully and long-term leased to drinks retailer France Boissons, is located in one of the largest mixed-use commercial areas in the region, the Parc d’Activité Mantes-Buchelay. The strategic location offers direct access to the A13 motorway, an important transport corridor between Paris and Normandy, and is also well connected to rail, river and air freight transport.
The acquisition of this core property fits perfectly with Union Investment’s investment strategy, which relies on strong fundamentals and an excellent location. Karim Esch, Chief Investment Officer of Union Investment Real Estate GmbH, emphasizes that this transaction reflects the company’s continued confidence in the French logistics sector. The property was built using a hybrid construction method made of concrete, wood and steel and has a rooftop solar system that feeds electricity into the public grid. The building has also received the BREEAM “Excellent” sustainability certification.
After two years of restraint on the real estate investment markets, this purchase marks Union Investment’s return to the buying side. Michael Kammerzell, head of Union Investment’s institutional real estate special funds, explains that real estate remains an integral part of institutional investors’ strategic asset allocation. The current market phase offers attractive investment opportunities and potential for value growth, which Union Investment would like to exploit together with its institutional investors.
Two further purchases are planned for the fund managed by Union Investment Real Estate GmbH this year. The modern logistics property with a total rental area of around 18,690 m², spread over three units, enables flexible use by third parties. This investment underlines Union Investment’s commitment to building a sustainable portfolio and the strategic development of its real estate portfolio.
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