CBRE Investment Management Acquires Grade A Warehouse in Lyon Logistics Hub

CBRE Investment Management (“CBRE IM”), on behalf of a separate account client, has acquired Grade A logistics space in France’s Lyon region from Altarea Logistique.

Delivered in November 2024, the project represents a total lettable area of 56,225 sq m comprising of two warehouses and an independent office building. The assets are fully let to SAMSE, a distributor of construction tools and materials.

The assets benefit from high quality specifications, as well as outstanding environmental credentials. Each warehouse is equipped with a 150kWp self-consumption PV power plant and all the suitable roof space will be covered with PV panels. Heating, ventilation, and air conditioning (HVAC) systems for both offices and warehouses are supplied via a low-carbon heat pump system, and LV and HV electric charging points are available.

The assets are well-positioned within the Lyon market, specifically in La Boisse - an established logistics hub circa 30 minutes from Lyon and 10 km from Lyon Saint-Exupéry Airport providing for excellent accessibility, with direct proximity to the A7/A6 highways linking Paris and Marseille and the A42 and A432 (Lyon’s logistics ring road).

Thibault Nicolle-Malpas, Transactions Director at CBRE IM, said: “The French logistics market remains highly competitive despite challenging capital market conditions, reflecting robust investor appetite for the sector. This acquisition aligns well with our client’s strategy, of acquiring core logistics assets in key Eurozone markets, as well as CBRE IM’s broader goal of delivering sustainable real estate solutions. It further demonstrates our strong conviction in the logistic sector and our continued commitment to acquire and (co)develop in strategic locations.”

CBRE IM was advised by the capital markets department of CBRE Industrial and Logistics as a buy-side advisor alongside Monassiers&Associés, Allen&Overy and Immasset. Altarea Logistique was advised by Ginon&Associés.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $148.3 billion in assets under management* as of September 30, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.