The Luxembourg asset and investment specialist REInvest Asset Management S.A. has once again realised increases in value for its client with the sale of a fully let, 36,000 m² logistics property north-east of Paris in the Aisne department of the Hauts-de-France region.
Through the sale to the global investment manager GLP, the last logistics property of the fund was sold and the optimisation strategy was successfully continued. The parties have agreed not to disclose the sale price.
Since the end of 2017, the property in Ploisy near Soissons had been part of the portfolio of the DEREIF SICAV-FIS fund, a pan-European investing Luxembourg-based individual fund of a large German insurance company. The current fund volume is around 1.1 billion Euros, spread over 25 properties.
“With the takeover of the mandate in 2018, REInvest has continuously optimised the attractiveness of the property and strengthened tenant loyalty to the property. This has paid off for the investor in the exit that has now taken place”, explains Jonas Hafner, fund manager of the DEREIF fund at REInvest.
Source : Company