Othrys Investment Management has completed the acquisition of an activity warehouse for €4.4m in the Ile-de-France region of Lieusaint on behalf of its FPCI Othrys Actilog.
This acquisition marks the first investment by Othrys Actilog, a Professional Private Equity Fund (FPCI) aimed at creating value in operating real estate. In July, the fund closed its €40 million fundraising campaign with private banks, wealth managers, family offices and private investors.
“Our new Lieusaint warehouse is a perfect fit with Actilog’s investment strategy to focus on assets with good fundamentals and strong short-term value creation opportunities.
Located in a very dynamic business area, the current 3400m² building is vacant and has excellent marketing potential. The asset has the potential to extend by more than 1,000 m2 on the land reserve." Arnaud Claoué