CORELOG reaches full occupancy and makes add-on acquisition

CORELOG, the logistics vehicle of TwentyTwo Real Estate, reached 100% occupancy in July 2017 and acquired a 40,000 sqm logistics asset near Lyon in August 2017

CORELOG leased up the Vatry and Clésud assets to 3PL operators C’Log (Groupe Beaumanoir) and Dachser, taking the portfolio to full occupancy (vs. 25% vacancy at acquisition).

In addition, CORELOG acquired in August 2017 a 40,000 sqm warehouse near Lyon from French listed company ICADE.

The asset, located in the industrial park of Saint-Quentin-Fallavier on the French North-South logistics corridor, is comprised of three separate buildings with a combined occupancy rate of 76%.

CORELOG’s portfolio now consists of seven logistics and industrial properties totalling 170,000 sqm, with a blended occupancy rate of 94%.

CORELOG is an OPPCI (French private REIT) dedicated to investing in logistics assets located in established industrial parks in France. CORELOG is managed by Scaprim REIM, an investment and fund management company accredited by the French Financial Markets authority and subsidiary of TwentyTwo Real Estate.