Redevco has agreed to a €49.2 million green loan facility to fund a 52,815 square metre logistics development in Tiel, the Netherlands. Issued to Financière ID, the project is over 70% pre-let to ID Logistics. The scheme incorporates a connection to the Medel Energy Island to manage local grid congestion, targets BREEAM Excellent certification and aims for 75% energy self-sufficiency through on-site solar power.
CapitaLand Investment and Ally Logistic Property have broken ground on OMEGA 1 Singapore, a S$260 million logistics development situated in Gul Lane. Set for completion in the second half of 2028, the facility integrates physical real estate with automated systems and artificial intelligence. Funded through the CapitaLand Southeast Asia Logistics Fund, the smart hub aims to enhance regional supply chain resilience and address local land and labour constraints.
PRODEA Investments has agreed to form a joint real estate venture alongside Invel Real Estate and LGT Capital Partners. The partners plan to build a premier institutional logistics platform in Greece, with an expected portfolio gross development value exceeding €500 million. Subject to regulatory clearance, the investment partners will acquire a 49 per cent minority stake for roughly €31 million.
KKR and its European industrial platform, Mirastar, have acquired an eight-property UK logistics portfolio from Ares Real Estate funds. Spanning 2.7 million square feet across key distribution hubs like Milton Keynes and Doncaster, the fully occupied assets feature a nine-year weighted average lease term to break. Supported by strong sustainability ratings and investment-grade tenants, the acquisition expands Mirastar’s European presence.
Clarion Partners Europe has bought a 116,800 sqm Grade A logistics facility in Amiens, northern France, from ESR Europe. Finished in 2023, the property is 74% let to 3PL operator ID Logistics for e-commerce fulfilment. Featuring strong sustainability specs, 112 dock doors, and direct motorway access, the asset gives Clarion scope to add value by leasing out the remaining available space.
Blackstone has acquired a majority stake in Sanha Logistics Park II, a 334,000 square metre dry storage development in South Korea's Seoul Metropolitan Area, through a primary share issuance. ESR will remain an investor and continue managing development and asset operations via ESR Kendall Square. Scheduled for completion in 2028, the strategic project along the Gyeongbu Expressway marks Blackstone's third logistics investment in the country.