LPA-CGR avocats advises Barings Real Estate in the sale of a premium logistics platform near Paris

LPA-CGR avocats advises Barings Real Estate in the sale of a premium logistics platform near Paris to the real estate investment manager Savills IM

Barings Real Estate entered the French market in 2016 and made its first asset sale with the sale of a premium logistics platform in “Grand Paris Sud” to Savills IM, on behalf of its pan-European European Logistic Fund2 (ELF2). The asset was acquired on behalf of a pool of institutional investors from Barings.

Barings acquired the project via VEFA (sale of property for future completion) in 2017. Located in Coudray-Montceaux (Essonne), in the Paris Region, the logistics platform has high quality technical specifications. With a surface area of approximately 30,420 m², it was delivered in September 2018 and obtained the BREEAM-In-Use International “Very Good” rating. This platform, which benefits from a privileged location, is leased to a major logistics service provider on a long-term lease.

This transaction is fully in line with Barings’ value-added approach, which offers an exceptional return on investment to its investors.

LPA-CGR avocats advised Barings Real Estate with Sandra Fernandes, Partner, Marie Boustany and Sarah Kesy in Tax, Silke Nadolni and Géraldine Piedelièvre, Partners, and François Metz, in Investment, Alexae Fournier-de Faÿ, partner, and Sidra Salim in Financing. Barings Real Estate was also advised by Oudot & Associés and BNP Paribas Real Estate.

Savills IM was advised by De Pardieu Brocas Maffei, Drees & Sommer and Allez & Associés.