22 September 2023
MIMCO AM has positioned itself on three sites intended for the development of logistics and courier platforms in France
Published
22/09/2023

The MIMCO group continues to invest on behalf of its MIMCO GREEN VALUE fund with the signature of three real estate assets located on the Atlantic Arc and in Normandy for the development of logistics and parcel delivery platforms.


The Atlantic Arc has been considered for several years as the second logistic backbone and has a strong economic and demographic vitality. This is a particularly dynamic area where the development of logistics platforms is accompanying the growth of metropolises such as Rennes, Nantes, Bordeaux and Toulouse. 



As for Normandy, it is a first-rate logistics hub thanks to its strategic geographical location with a coastline on the English Channel, which is still the busiest sea in the world today.



These three projects, which join the GREEN VALUE fund, represent more than 97,000 sq of warehouses and courier services and thus provide a concrete response to the growing demand for logistics buildings in these regions.


MIMCO GREEN VALUE, an SRI-certified fund, focuses on logistics assets, land, obsolete warehouses and industrial wasteland in need of rehabilitation in France.



Christophe Nadal, Chairman of MIMCO AM, explains: "The health crisis has really reinforced the strategic nature of logistics real estate. The demand for warehouses is in direct correlation with the continued growth of e-commerce, which has demonstrated the relevance of its business model during the health crisis, and with the government's strategy of reindustrializing the country by 2030. This dynamic can also be seen in the market for the restructuring of obsolete assets. Office space, for example, is being affected by the development of telecommuting, but these recent changes allow for medium/long-term restructuring opportunities to be incorporated, with our investors paying attention to the transformation of these underlyings, which translates into attractive returns."



"The omnipresence of our teams in the field allows access to a fine selection of investment opportunities but also the upstream detection of research and user demands. Their valuable knowledge of new uses and economic modes of operation makes it easier to match obsolete assets with market needs", comments Ara Adjennian, Managing Director of MIMCO Asset Management.


Thanks to the entire team and to our partners.


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