PGIM Real Estate launches urban logistics platform in France

PGIM Real Estate has launched Proxilog REIM, a platform dedicated to urban logistics investments and operations in France.

The company is owned by PGIM Real Estate’s closed-ended European value-add strategy, European Value Partners II. Proxilog REIM will focus on building up and operating a portfolio of urban logistics assets located across French cities including Paris, Lyon, Marseille and Lille.

Since its inception at the end of 2022, Proxilog has already secured a pipeline of five assets located in the vicinity of Paris and Lyon, with a combined investment value of roughly €70 million.

Proxilog REIM has a team of experienced logistics specialists with strong expertise in acquisitions, developments, refurbishments and the asset management of urban logistics assets. The team is led by Lionel Nicolas, managing director, who has over 25 years of experience, most recently at Garbe, Patrizia, Rockspring and Savills IM.

You can now read the full press release at the link below

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