Alteo IM sells a logistics warehouse to Savills IM

Alteo Investment Management announces the sale of a 22,550 sqm premium logistics warehouse located in Saint-Aubin-sur-Gaillon (Eure, France) to Savills Investment Management, on behalf of a German pension fund.

A logistics investment project structured by Alteo Investment Management

Alteo Investment Management, a specialist in industrial and logistics real estate investment and asset management, supported the logistics operator De Rijke as asset manager by structuring the financing of the project. The investment was arranged through a funding round involving Virtuo Industrial Property and private investors. Bank financing was provided by Caisse d’Epargne Normandie (Jean-Baptiste Sobry).

A strategic, sustainable and fully let logistics asset

Ideally located between Paris and Le Havre, with immediate access to the A13 motorway, the asset benefits from a key logistics position within one of Europe’s most dynamic corridors.

With a surface area of 22,550 sqm, the building is fully let on a long-term lease to logistics operator De Rijke, offering strong rental security from day one.

Designed to meet the highest environmental standards — a core requirement for both De Rijke and the Virtuo Group, both of which are mission-led companies — the site is equipped with:

  • an intelligent building management system,

  • high-performance LED lighting,

  • reversible heat pumps,

  • electric vehicle charging stations,

  • and a rooftop photovoltaic system operated by a specialised provider.

The building is certified BREEAM Excellent.

“This unique project, initiated by logistics operator De Rijke, was taken over by Alteo IM, which was able to draw on the expertise and know-how of the Virtuo Group to analyse and manage the transaction from both a regulatory and technical standpoint, with Noveo providing regulatory support. We are also very proud to have successfully completed this transaction and sold the asset to Savills IM, a leading institutional player in the European logistics real estate market.”
Arnaud le Mintier
Managing Director – Alteo Investment Management
“The acquisition of this modern and sustainable logistics asset reflects our strategy of targeted investments in high-quality properties located in strategic areas. France remains a highly attractive market for logistics investment, driven by strong demand for well-located and energy-efficient space. With this acquisition, we are adding a new asset to our portfolio in one of the most dynamic logistics markets in Europe.”
Laurent Vouin
Head of France & Belux – Savills Investment Management
“This operation reflects our shared vision with Alteo IM: to design and structure next-generation logistics projects that set a benchmark in environmental performance.”
Grégory Blouin
President of Virtuo Industrial Property

Partners mobilised to ensure the success of the project

Alteo IM was advised on this transaction by Noveo Consulting (Paulo Ferreira & Clément Piednoir) for regulatory matters, Virtuo IP (Brian Rossi) for project management, Étude Oudot Notaire (Anne-Hélène Garnier), Óros Avocats for the photovoltaic lease (Tom Chanseau & Quentin Jobard), and Cushman & Wakefield (Romain Nicolle & Paul-Antoine Coronel).

Savills IM was advised on this transaction by Allez & Associés (Vincent Audoir), Archers (Aubry Chapuis & Emma Jault), and Savills (Garth Ball).

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