BentallGreenOak is adding a 25,000sqm logistics facility in Angers to its French logistics portfolio.
The global real estate investment manager said it has bought the site in western France and will begin construction for the logistics facility.
This deal strengthens BentallGreenOak鈥檚 position in the French logistics market, adding to the more than 鈧�700m of logistics asset investments in France since 2017, 鈥渨ith commitments to continue adding new assets and developments to its portfolio across its key target sectors of logistics, office, data centres and life science鈥�, BentallGreenOak said.
The company said it has also appointed Julien Bernheim as principal, based in the Paris office. Bernheim was previously at Invesco Real Estate, where he was responsible for acquisitions and disposals for the firm in France. He began his career at Compagnie La Lucette in 2007.
Toby Phelps, managing partner and head of European equity at BentallGreenOak, said the hiring of Bernheim illustrates the importance of the French market for BentallGreenOak.
Phelps said Bernheim will enable the company to 鈥渇urther establish our local representation and accelerate our investing activities in France both in logistics 鈥� as demonstrated in our latest development project in the Angers region - and other asset classes鈥�.
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