CBRE Global Investors has partnered with French logistics developer Virtuo with plans to build a €1bn prime logistics portfolio across France for its Europe Value Partners 2 (EVP2) fund.
The new joint venture partners have seeded the EVP2 portfolio with five seed assets spanning 1.75m sq ft in the main French logistics corridor from Marseille to Lille. CBRE GI said it would be targeting the acquisition of land as well as standing assets in need of repositioning with the goal of rapidly building up a significant portfolio.
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