DWS acquires ‘next generation’ prime logistics asset in Greater Paris

DWS today announced the off-market acquisition of a newly constructed, prime logistics asset located in Greater Paris from French developer, Télamon, also the facility’s builder. The acquisition is on behalf of an institutional separate account mandate managed by DWS.

Designed for the French subsidiary of GLS, one of the leading express parcel delivery service providers in Europe, the courier warehouse is fully leased to GLS France on a 12-year term and will become one of their main national hubs. The cutting-edge facility built in December 2023, comprises almost 12,000 square meters with the ability to accommodate up to 350,000 parcels per day. Built to a high ESG specification, it aims to achieve a BREEAM RFO and Biodiversity certification upon delivery.

Situated within the prime logistics hub of ZAC des “Haies Blanches”, its location along a strategic axis between the south-east of Paris and the Lyon region (on the A6 motorway) will allow it to deliver to 14 million+ inhabitants in less than 2 hours.

Hugo Vere, Lead Portfolio Manager at DWS said: "Positive and improving market conditions along with limited supply have allowed us to access this "Prime" warehouse facility leased to a top tenant at an attractive entry yield. Its best-in-class location combined with strong ESG credentials integrates perfectly with our strategy to build out a high quality and diversified pan-European portfolio.” He added: "We will continue to seek logistics in established core locations as well as high quality residential assets targeting key cities across Europe.”

About DWS Real Estate

DWS has been investing in real estate assets for more than 50 years. As part of the Alternatives platform, the real estate business has nearly 350 employees in over 20 cities around the world and almost EUR 75 billion in global real estate assets under management (as of 31 March 2024). Providing a diverse range of strategies and solutions across the risk/return and geographic spectrums, we offer core, value-added and opportunistic real estate, real estate debt and real estate securities. The real estate investment business employs a disciplined investment approach and aims to deliver attractive long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide.

About DWS Group

DWS Group (DWS) with EUR 933bn of assets under management (as of 30 June 2024) aspires to be one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.

DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping to navigate the transition to a more sustainable future. With approximately 4,500 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.