Paris — Mayer Brown advised Hines, the international real estate fund and asset manager, on the financing of 11 logistics assets spanning 350,000 square meters across France on behalf of its Hines European Value Fund 2 (HEVF 2), from Auchan, the French multinational retail group.
The acquisition, which is a sale and leaseback transaction, marks the first investment in France by HEVF 2, with Auchan, one of France’s leading grocery retailers and distributors, remaining the tenant across the entire portfolio, on a long-term basis for a number of the assets.
The 11 assets are located in Paris, Bordeaux, Clermont-Ferrand, Lyon, Nîmes, Strasbourg, Tours and two sites in the Amiens and Lille regions respectively.
The Mayer Brown team included Senior Counsel Hervé Kensicher and associate Stéphane Joly.
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