AEW announces that it has completed the acquisition of five light industrial developments in France and Germany, in separate transactions, for a total of €91 million. These build-to-core investments extend and complement AEW’s existing €4bn pan-European industrial and logistics portfolio.
Rémy Vertupier, Co-Head of Institutional Fund Management, Separate Accounts & Club Deals at AEW, commented: "Urbanisation, new consumer consumption patterns and pressure on city road networks are collectively driving increased demand for urban light-industrial space. These developments will provide much needed capacity in areas where high quality stock and land for new development are both in limited supply.”