PARIS, July 24 — Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a portfolio of five French logistics assets. The fully leased portfolio totals approximately 160,000 square meters across established French logistics markets in Paris, Lille, Bordeaux, Nîmes and Tours.
MSREI plans to implement an active asset management strategy across the portfolio to enhance long-term value and support tenant operations. FIRE Asset Management (FIRE) will serve as operating partner for the portfolio.
Charles du Breuil, Head of France for Morgan Stanley Real Estate Investing, said: “This acquisition reflects MSREI’s continued focus on investing in high-quality industrial and logistics real estate supported by strong market fundamentals and durable tenant demand. It further confirms our appetite for the logistics asset class in France. We have a successful track record of logistics acquisitions and disposals in the French market, and we believe this portfolio offers an attractive opportunity to create value through active asset management.”