TOOLS
Login to access your documents and resources.
Confirm your location
location select
language select
Terms of use, privacy and cookie policy
Accept to continue
News

Nuveen Real Estate acquires premium logistics asset in France

Eurodif-Troyes warehouse
30 Jan 2019  
Nuveen Real Estate, on behalf of its European logistics platform, has acquired the Eurodif premium distribution centre in the greater Paris area from Aviva Investors Real Estate France SA.

This Grade-A warehouse sits in the strategic and well-established Aube Logistics Park, which is one of the main industrial areas around the city of Troyes. Located along the A5 and A26 motorway, the building benefits from excellent connectivity and can be reached from Paris in around 90 minutes.

Built in 2013, the distribution centre comprises c.24,500 sq m (c.263,715 sq ft) and has four separate modules with the possibility for an extension. It is fully let to Eurodif/Bouchara, a French company delivering fashion and household products to c.90 stores in France.

Tim Hennes, Senior Investment Manager, Europe, comments: “France is one of our key logistics markets and we are very pleased to have acquired a premium asset. We predict that logistics is set to be the best performing mainstream sector in 2019, with healthy growth and even some further yield shift driving returns. We believe that fundamentals for logistics remain strong into 2019, our main task will be to distinguish between long term value and late cycle froth.”

Christel Zordan, Head of Real Estate, France, says: “The distribution centre fits perfectly with our logistics investment strategy. This new asset is Nuveen Real Estate's second investment in France in the past 12 months on behalf of its European logistics platform, following the transaction of Fos-sur-Mer in Marseille.”

The law firms BGV2 and Linklaters served as legal advisor for Nuveen Real Estate. The technical and environmental due diligence was conducted by Etyo, SD Environment and ERM.
Press office
Nuveen n logo on a blue background
All press enquiries
Footer Arc Background

Discover

Our Company

The information contained on this website is provided for educational purposes only and is not intended to be relied upon as a forecast, research or investment advice, is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. YOUR CAPITAL IS AT RISK. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. 

Products, services, or strategies shown may not be available in certain jurisdictions and/or to certain investors. Recipients should inform themselves about and observe any applicable legal requirements. The information provided should not be considered a solicitation or an offer by Nuveen or its affiliates to provide any financial products or services in any jurisdiction where it is not otherwise authorized to do so. Any funds described herein are not for sale in the US or to US persons and are available under the conditions of the relevant offering document(s). If you are a US citizen or resident, please visit our website for US Financial Professionals or US Institutional Investors. Nuveen provides a range of products including investment advisory services, strategies, and expertise through its independent investment affiliates. Securities are offered through Nuveen Securities, LLC.

© 2023 Nuveen, LLC. All rights reserved.

XWB-1009702PR-Y1119X

Back to Top