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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.

Read the full article in Spanish

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