Round Hill Capital Makes first investment in France with the acquisition of five logistics warehouses
UK / France, 10 February 2020 – Round Hill Capital, a leading global real estate investment, development and asset management firm, announces that funds advised by the firm have acquired a portfolio of five logistics assets in France. Round Hill Capital continues to seek further logistics investment opportunities across France and wider Europe as part of the expansion of its Pan-European Logistics strategies.
This transaction represents Round Hill Capital’s first investment in France. The five institutional-quality logistics assets, four crossdocking buildings and one warehouse, are let to grade A tenants. They are strategically located in strong logistics hubs of France, namely the Toulouse, Orleans and Greater East markets, in micro-locations with excellent transport connectivity, low vacancy rates and a constrained supply of available logistics buildings and development land. These assets are being acquired from La Société de la Tour Eiffel.
Round Hill Capital was advised on the transaction by Monassier et Associes (notary), Linklaters (financing), Franklin Law (legal due diligence), Deloitte, Allen & Overy (structuring), REAAS (TEDD) and JLL (commercial buyside). Debt financing is provided by Société Générale.
La Société de la Tour Eiffel was advised by Allez et Associes (notary), Gide Loyrette Nouel (lawyer) and BNP (broker) on the transaction.
Commenting on the transaction, Michael Bickford, founder and CEO of Round Hill Capital, said:
“Round Hill Capital has been evaluating the French and wider European logistics real estate markets for several years. We have significant dedicated capital to deploy in select areas of France and wider Europe, which continue to see long term supply constraints of well-located high-quality logistics assets with excellent transport connectivity coupled with deep and increasing tenant demand.
We are pleased to acquire these five investments, our first transaction in France, which enhances our existing Pan-European Logistics platform strategy and growth plans. Round Hill Capital is continuing to look to make further investments in industrial and logistics property and residential and student accommodation in France and across wider Europe in line with our existing growth strategies.”
About Round Hill Capital
Round Hill Capital is a leading global specialist real estate investment, development and asset management firm. Since inception in 2002, Round Hill Capital has acquired and repositioned for long-term institutional ownership over 110,000 residential units and student housing beds. Round Hill Capital is a responsible landlord of assets offering housing to a range of occupants, from students through to senior citizens.
Round Hill Capital’s strong sector and local expertise helps the firm to identify opportunities and invest selectively in the commercial sector and, as part of this programme, the firm has built up and continues to grow its diversified European light industrial and logistics portfolio.
Round Hill Capital has an established track record of generating high risk-adjusted returns and invests in and asset manages real estate on behalf of some of the world’s leading institutions and private investors.