Morgan Stanley Real Estate Investing buys French property assets
MS•Acquisition of French logistics portfolio
Morgan Stanley Real Estate Investing (MSREI) said it has acquired 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.
"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," said Charles du Breuil, head of France for Morgan Stanley Real Estate Investing.
