Acquisition of prime XXL logistics site in Nord Pas de Calais, France
AXA Investment Managers - Real Assets ("AXA IM - Real Assets") announces the acquisition of a prime logistics development site in Evin Malmaison, in the Nord Pas de Calais region in France, which has the potential for up to 77,500 sqm of Grade A logistics space in a single XXL building. The site has been purchased on behalf of the Logistics Development Club(1) and will be developed by Baytree Logistics Properties.
Located in France’s third largest logistics market(2), the 208,000 sqm site benefits from excellent transport infrastructure and a good supply of local labour. The site is less than five minutes’ drive from the A1/A21 junction, which links directly to Lille, 30 km to the north and Paris, 200k km to the south. The port of Calais is accessible in just over an hour.
The building permit and environmental code regulatory authorisations (“ICPE”) have been obtained and Baytree intends to pursue a build-to-suit strategy to deliver modern and flexible warehouse space that is suitable for a wide variety of different logistics uses.
Please visit www.baytree-evin.com for more information.
(1) Logistics Development Club is managed by AXA REIM SGP, an affiliate of AXA IM - Real Assets
(2) Savills European Logistics: Warehousing future report
AXA Investment Managers - Real Assets
Jocelyne Tamssom, Head of Communications
Tel: +33 1 44 45 97 95
FTI Consulting Inc.
Richard Sunderland, Richard Gotla, Ellie Sweeney, Methuselah Tanyanyiwa, Talia Jessener
Tél: +44 20 3727 1000
About AXA Investment Managers
AXA Investment Managers (AXA IM) is an active, long-term, global, multi-asset investor. We work with clients today to provide the solutions they need to help build a better tomorrow for their investments, while creating a positive change for the world in which we all live. With approximately €801 billion in assets under management as at end of September 2019(1). AXA IM employs over 2,350 employees around the world and operates out of 30 offices across 21 countries. AXA IM is part of the AXA Group, a world leader in financial protection and wealth management.
About AXA Investment Managers - Real Assets
AXA Investment Managers - Real Assets has €87 billion in assets under management, including €65.7 billion in direct property & infrastructure and €17.3 billion in real asset finance as of end of June 2019(2). We offer a 360° approach to investing in real assets, which comprises opportunities in equity or debt, across different geographies and sectors, as well as via private or listed instruments. We are a global leader in real assets investment, the number one property portfolio and asset manager in Europe(3), and one of the largest worldwide. Our teams have been managing funds and mandates for over 30 years and comprise over 600 people in 13 offices that operate in over 20 countries around the world, which provide us with in-depth knowledge of countries, cities and sectors.
Follow us on Twitter @AXAIM / @AXAIMRealAssets to get our latest information
1 Source: AXA IM unaudited data
2 Source: AXA IM - Real Assets’ unaudited data
3 Source: INREV Fund Manager Survey – May 2019 in terms of assets under management