French Industrial Portfolio
12 Avenue des Bellevues, Saint-Ouen-l'Aumône, France 95310
On June 28, 2016, KBS Strategic Opportunity REIT II made its first European investment, originating a participating loan facility of up to $2.9 million. KBS Strategic Opportunity REIT II funded approximately $2.3 million at closing, which proceeds were used by the borrower to fund an interest in a joint venture acquiring a portfolio of light industrial properties located throughout France. The total acquisition cost of the portfolio was approximately $106 million.
With 85% of the assets positioned within what’s referred to as the French Logistics Corridor, the portfolio demonstrates high ease of distribution, a feature that has attracted major global tenants.
Investment at a Glance
Investment Type: Participating Loan Facility
Initial Loan Funding: $2,318,000
Total Loan Amount: $2,900,000
Property Type: Logistics/ Light Industrial
No. of Properties: 18
Square Footage: 3,853,480 SF