Savills Investment Management sells distribution centre in Greater Paris on behalf of European logistics fund
25 June 2025
London, 25 June 2025. Following a highly competitive tender process, Savills Investment Management (Savills IM), the international real estate investment manager, has sold a Grade A distribution centre in Le Coudray-Montceaux, Greater Paris for its European Logistics Fund 2 (ELF 2) to Aberdeen Investments for an undisclosed sum.
The distribution centre, located directly on the outskirts of Paris, comprises 30,420 sqm letting space let to a global manufacturer and distributor of medical products. The property has a ‘Very Good’ BREEAM New Construction certification. The site benefits from an excellent macro- and micro- location in Greater Paris and within the French logistics corridor, which runs from Lille via Paris and Lyon to Marseille.
Savills IM acquired the logistics property post completion in 2019 for its pan-European logistics fund ELF 2. The flagship fund, which was launched ten years ago and in which various German institutional investors are invested, is currently holding 26 logistics properties with a total value of c. €1 billion following the sale. The fund plans to reinvest the sales proceeds in modern Grade A distribution centres and is focusing on the core Western European logistics markets of Germany, France and the Netherlands.
Sebastian Schambeck, Associate Director Portfolio Management at Savills IM, says:
"The transaction market for logistics properties is slowly but steadily regaining momentum. We have used this point in the cycle with a substantial appetite from domestic and international investors seeking short-term reversion potential to realise the value appreciation achieved over the holding period for our investors. In parallel to such strategic sales, we are still active on the buyer side - we are continuously exploring the market for modern logistics properties in established locations for various funds and mandates."
Savills IM was advised on the transaction by JLL/Cushman & Wakefield, De Pardieu Brocas Maffei, Eversheds Sutherland, Allez & Associés, KPMG, Etyo and MDA Accounting Group.
Aberdeen Investments was advised on the transaction by CBRE, LPA, Les Notaires du Trocadero, Andine, Green Affairs and BDO.
CONTACT US
Josh Carson
Montfort Communications
+44 (0) 7736 233 039
savillsim@montfort.london
Disposal to Aberdeen Investments on behalf of German institutional investors in the ELF 2 logistics fund