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JP Morgan Buys European Logistics Portfolio from Mountpark for $540 Million

Mountpark’s 371,612-square-metre portfolio of real estate in the UK, France and England was sold for €540 million.

JPMorgan compra cartera Mountpark

A fund managed by the American bank JP Morgan has acquired a portfolio of logistics assets for 540 million euros from Mountpark Logistics. In total, there are eleven assets spread across England, France and Ireland.

All of the logistics facilities are pre-let and either recently completed or in the final phase of construction.

The investment arm JP Morgan Global Alternatives is part of JP Morgan Asset Management and has $163 billion in alternative assets under management.

JP Morgan Asset Management’s co-portfolio managers for European real estate, Paul Kennedy and Chester Barnes, showed their long-term interest in these assets: “The logistics sector has undergone major changes driven by evolving consumer preferences that have accelerated during the pandemic but which we believe are here to stay.

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