Harbert Management Corporation (“HMC”), an independent US-based alternative asset manager focused on real assets, and DeA Capital Real Estate, a leading player in real estate investment management in Europe, through a joint venture have acquired an initial c.73,000 sq.m. portfolio of business parks in France.
The acquisition, completed by HMC’s European Real Estate platform (“HERE”), underlines HERE’s continued conviction in modern, well-located industrial formats that benefit from resilient occupier demand and constrained new supply.
The transaction comprises seven forwarded-funded new-build assets in Croissy-Beaubourg (Île-de-France), Mondeville (Caen), Petit-Couronne (Rouen), Ludres (Nancy), Chasseneuil (Poitiers), Marck (Calais), and Le Mans. Financing was provided by a banking pool. Financial terms have not been disclosed.
The sites have been acquired from developer Axtom. The assets are scheduled to be delivered by Axtom’s subsidiary Axdev between late 2026 and early 2027. The projects align Axtom’s expertise in redevelopment of brownfield sites and soil remediation. Four general contractors (GSE, Kleidi, Lockroy and Axess) have been appointed.
The properties are being developed with flexible unit design and incorporate advanced ESG criteria and high energy efficiency (BREEAM Excellent and Very Good). All solarizable roof surfaces were equipped with panels, for a total production of 5 MWp. Sustainability and flexible design are increasingly important to both occupiers and institutional investors and support exit optionality across market cycles.
You can now read the press release at the link below
