Generali: joint investment with EDF in logistics

(CercleFinance.com) - EDF Invest, the investment arm of the EDF group, is to acquire 50% of an investment vehicle holding E400m of logistics assets in France from Generali France, the groups announced on Wednesday.


This OPPCI, called 'Parcolog Invest', already owns nine assets, including a park with two assets in Moussy le Neuf, near Roissy, and two 'XXL' platforms in Hénin Beaumont (Lille) and Plaine de l'Ain (Lyon).

The portfolio also includes assets in Marseille, Avignon, Bourg en Bresse, Le Mans and the Lille region.

The joint investors explain that they plan to grow the portfolio over the coming years through new acquisitions and logistics developments.

Generali emphasizes that this partnership will enable it to increase its presence in France in a buoyant sector, at an 'opportune' time in the market.

Generali will continue to hold 50% of the OPPCI.


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