Altarea Finalizes Significant Logistics Disposals Worth €390 Million

Altarea announced the completion of two major logistics disposals totaling approximately €390 million. The activity involves three logistics sites with a combined area of nearly 360,000 sqm, including 75,000 sqm slated for construction. Altarea, a veteran in the logistics sector, strengthens its presence as a key player through this strategic maneuver.

The first transaction involves the sale of two logistics sites to WDP, a prominent European real estate firm. The Bollène logistics park, located near Avignon, spans 260,000 sqm and services multiple countries. It boasts advanced safety features and renewable energy systems. The park is leased to notable firms like ITM and Gerflor. Meanwhile, the Oseraye logistics park is fully leased to SOFIA Group’s Logeos subsidiary.

The second transaction sees the acquisition of Ecoparc Côtière by a CBRE IM-managed fund. Situated near Lyon, this 56,225 sqm platform serves SAMSE Group's e-commerce logistics. With a focus on biodiversity, the site aims for HQE® Excellent certification.