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GLL Buys Eight Logistics Sites for $243M

PARIS-AEW Europe, on behalf of a Curzon fund, sold the three-million-square-foot portfolio, which is located throughout France.

By Robert Carr | Updated on September 20, 2011

PARIS-Curzon Capital Partners II Fund, through AEW Europe, has sold an eight-property logistics portfolio for $243 million. GLL Real Estate Partners was the buyer of the three-million-square-foot portfolio that is spread throughout France.

Merrick Marshall, head of asset management for London-based AEW Europe, said in a statement that there’s a strong demand for core logistics assets in France. “Values in the French logistics sector have rebounded strongly since the credit crisis,” Marshall said. “We believe this is a very opportune time to sell some exceptional assets, both in terms of quality and location, and to lock in robust returns for our investors.

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