During the first half of the year, over 1 billion euros were invested in the industrial and logistics real estate segment in France, accounting for approximately 20% of the overall real estate market. The significant deal that contributed to this volume was the signing of the Olympe portfolio, consisting of six French assets and generating 9 million euros in annual rent. Axa IM Alts acquired the portfolio for around 200 million euros, with a yield ranging from 4.5% to 4.9%, as reported by Cfnewsimmo.
Another notable transaction was the acquisition of the Camélia portfolio by P3 Logistics Parks from Logicor for approximately 170 million euros and a yield of 4.85%. This portfolio received considerable interest, with around 20 offers received before the MIPIM event in March, demonstrating the strong demand for investments along the French logistics corridor. The portfolio generates 8 million euros in annual rent.
Additionally, J.P. Morgan AM acquired a logistics platform in Châtres, comprising 67,000 square meters of space and leased to companies like Kuehne+Nagel. The acquisition was made for approximately 65 million euros and a yield of 4.9%. These three transactions contribute to the total investment volume of around 500 million euros committed in France for 2023.