Paris (July 22, 2021) — BentallGreenOak (BGO) has announced its plans to continue growing its business in France through the acquisition of a site in the Angers region of France and commencing construction for a new 25,000sqm logistics facility. This deal bolsters BGO’s position in the French logistics market, adding to the more than €700mm of logistics asset investments in France since 2017, with commitments to continue adding new assets and developments to its portfolio across its key target sectors of logistics, office, data centres and life science.
The new logistics development will be built to the highest standards, targeting BREEAM Very Good certification, with specifications that include 10.8m free height, multiple ICPEs, 5 ton/sq.m of floor loading capacity and 24 docks.
Reflecting the firm’s growing French portfolio, BGO also announced the hiring of Julien Bernheim as Principal, based in the Paris office. Over the course of his 14-year career, Julien has participated in the execution of more than 3.2 billion euros in transactions, for different types of funds, on core and value add strategies, mainly in the office and logistics sectors. He was previously at Invesco Real Estate, where he was responsible for acquisitions and disposals for the firm in France. Prior to that, Julien began his career at Compagnie La Lucette in 2007, then joined MGPA (eventually acquired by BlackRock) in 2008. Julien is a graduate of ESSEC Business School.
“Julien's recruitment illustrates the importance of the French market for BentallGreenOak. Julien will allow us to further establish our local representation and accelerate our investing activities in France both in logistics – as demonstrated in our latest development project in the Angers region - and other asset classes.” said Toby Phelps, Managing Partner and Head of European Equity at BentallGreenOak.
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $62 billion USD of assets under management (as of March 31, 2021) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.
In Europe, BentallGreenOak is a leading investment manager with over 50 professionals and $5.2 billion USD in AUM across debt and equity, with strategies spanning from Core to Value-Add and Development, with its own internalised operating capability. The firm has acquired or developed over 150 logistics assets comprising 5.1 million square meters (55 million square feet) since 2015. BentallGreenOak’s investment vehicles have assembled a large and diversified land bank across Europe, currently owning or controlling over 1,000 acres of land (capable of building over 23 million square feet of space) zoned for Logistics, Data Centers and Cold Storage.
BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.
The assets under management shown above include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates. As of 1Q21, BentallGreenOak changed its definition of Total AUM to include certain uncalled capital commitments for discretionary capital until they are legally expired and continue to exclude certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bentallgreenoak.com