Frankfurt, 24 October Savills Investment Management Savills IM , the international real estate investment manager, has acquired a logistics building near Angers, in the west of France, from an Action Group company as part of a sale and lease back transaction. The purchase was made on behalf of a German pension fund. The portfolio, built up since , has now grown to 11 properties in Germany, France, Italy, Luxembourg and the Netherlands, including one property under construction. The strategic location in the direct vicinity of Angers, with direct access to three motorways, enables efficient deliveries to all the conurbations in western France Nantes, Rennes, Tours, Le Mans and Poitiers as well as the greater Paris area.
The approximately 70, sqm of lettable space is fully let to the non-food discounter Action on a long-term basis.
The modern building has energy-efficient equipment including LED lighting, light sensors, charging stations for electric vehicles and solar panels on the roof. Aside from the central location in a dynamic region with a growing population, excellent connectivity and the long-term lease to a creditworthy tenant, the property also meets high ESG and energy efficiency requirements. Despite shifting market conditions, this acquisition demonstrates our continued interest in core logistics assets with strong ESG credentials.
Property is not a financial Instrument as defined by the Market in Financial Instrument Directive under European regulation; consequently, the direct investment into and management of property is not regulated by the FCA.
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