2025-02-04 0:00 CET, France | Investment Management | Press release
Vectura Immobilier has divested three assets located in Saint-Étienne and Sorgues
Catella Real Estate AG, which since January 1st, 2025 has merged with Catella Investment Management GmbH to form Catella's new investment platform, has acquired three newly stabilized logistics buildings with a total leasable area of approximately 18,750 sqm in Saint-Étienne and Sorgues on behalf of the special AIF Catella Logistik Deutschland Plus.
Advised by its local operational partner, Aquila Asset Management SAS, the platform signed for the fully leased assets from Vectura Immobilier. The long-term tenants are a logistics company and a parcel services provider.
"We are proud to have completed our first logistics investment for the Catella Logistik Deutschland Plus fund in France," said Wolfgang Oelke, Business Unit Manager Commercial at CIM, quoted in a press release. "With this portfolio acquisition, CIM takes over three modern cross-dock logistics assets leased to strong tenants in strategic locations across France."
"The fund now holds 23 assets across four European countries and plans to continue growing and improving ESG standards in order to meet its environmental targets," he added.
"We are delighted to be alongside Creag for their first logistics acquisition in France," added Olivier Levesque, Managing Director and Partner at Aquila Asset Management SAS, which will handle asset management and has been operating under the name Catella Aquila Investment Management France since January 1st. "Logistics is a strategic asset class for Aquila, and we will endeavor to seize further opportunities in the years ahead with both core and value-added strategies."
In Saint-Étienne, Catella acquired two newly delivered cross-dock logistics buildings on two adjoining plots on Rue de la Talaudière, with a total land area of approximately 50,000 sqm. The first building, with a leasable area of approximately 8,600 sqm (of which 92% is warehouse space and 8% offices), was completed in February 2024 and handed over to its sole tenant, a logistics company. The second asset, comprising 5,950 sqm of leasable area (of which 92% is warehouse space and 8% offices), was delivered and fully let to a parcel services provider in December 2024.
CLD+ aims to obtain BREEAM Very Good certification for both buildings, which feature the latest technical specifications, including a floor load capacity of 5 t/sqm and a clear height of 9.2 m. The roof surfaces will be leased for the operation of a photovoltaic system.
The third acquired asset is located in Sorgues, near Avignon, with a total leasable area of approximately 4,200 sqm (of which 93% is warehouse space and 7% offices). The existing asset underwent extensive renovation, completed in October 2024. It is fully leased to a parcel services provider under a ten-year lease.
Catella Real Estate AG was advised by White & Case (legal), EY (tax), Delpha Conseil (technical) and Allez & Associés Notaires (notarial assistance).
