Virtuo Industrial Property joins forces with AXA IM Alts, acting on behalf of its clients, to develop six logistics platforms in France. This three-way project is being carried out in collaboration with Virtuo Asset Management.
Developer Virtuo Industrial Property and asset manager AXA IM Alts have formalized their partnership for the development of logistics platforms. There will be six platforms with a total surface area of around 165,000 m2, located throughout the country.
A collaborative approach to logistics real estate development
After identifying and securing the land Virtuo Industrial Property will be responsible for building and finding tenants for all six sites. The company will work in conjunction with Virtuo Asset Management, an investment and property management platform dedicated to logistics.
Grégory Blouin, President of Virtuo Industrial Property: « This agreement is a new milestone, it reinforces the choice we made a few years ago to branch out. »
Arnaud le Mintier, Managing Director of Virtuo Asset Management: « We are extremely pleased with this partnership alongside a top-tier player in the French investment market for the development and management of these first six assets. »
Virtuo Industrial Property was advised in this transaction by Cabinet Paul Hastings, Étude Oudot and GALM on tax related matters. Axa IM was advised by DePardieu, l’Étude Cheuvreux, Immasset for the technical aspects, and Cushman & Wakefield.