AEW has agreed to forward purchase a c. 18,000 sqm pre-let logistics asset in Saint-Quentin-Fallavier, near Lyon in France, on behalf of a French institutional investor. The property is under construction by OPEN BOX and is due to be delivered in the second quarter of 2018.
The development is pre-let in its entirety to BBL Invest on a 9 year fixed lease. It is strategically located in the heart of France's leading logistics region and offers direct access to the A43 motorway.
Arthur Loyd Logistique acted as an advisor for the sale of the asset. AEW was advised by Hogan Lovells, Wargny Katz, Batyom and Burgeap. Alcaix acted as adviser to the vendor.