EDF Invest acquires 50% of investment vehicle from Generali France

Written by Michael Griffiths

04/10/2024

EDF Invest, the investment arm of the EDF Group, has reached an agreement with Generali France to acquire 50% of the vehicle, OPPCI Parcolog Invest.

OPPCI Parcolog Invest owns nine logistics assets in France worth €400m.

The other 50% of the vehicle will continue to be owned by the Generali Group mainly through the Generali Real Estate Logistic Fund (GRELF), managed by Generali Real Estate SGR.

For Generali, OPPCI Parcolog Invest will be the main vehicle for logistics investing in France, while continuing to expand in continental Europe logistics with the GRELF.

Head of Western Europe at Generali Real Estate, Sébastien Pezet, commented: “We are proud to be able to continue the partnership with EDF Invest, initiated two years ago on offices, and now extending to logistics, a strategic asset class for Generali Real Estate.

“The trust of our partners honours us and encourages us to find investment solutions corresponding to their objectives in this competitive sector.”

Head of real estate at EDF Invest, Clémence Caniaux, added: “EDF Invest is very pleased with this acquisition from Generali of a stake in a high-quality logistics portfolio, with prospects for future developments, which strengthens the exposure of our portfolio to the logistics sector, in line with our strategy.”

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