Crossbay boosts French urban logistics portfolio

Crossbay, MARK Capital Management's urban logistics arm, expanded its French portfolio by acquiring 13 urban logistics properties, adding approximately 110,000 m2 in 2025.

CEVA

A significant part of this expansion was a sale-and-leaseback deal completed in December 2025, involving nine assets totalling 37,900 m2 from Ceva Logistics. These properties, all secured with nine-year leases, are strategically located near major French cities like Marseille and Bordeaux.
Additionally, Crossbay acquired four last-mile assets in the Paris region, covering around 70,000 m2. These include a development in Argenteuil, a fully leased logistics facility in Chelles, a sale-and-leaseback transaction south of Paris, and a standing asset in Saint-Ouen-l’Aumône with potential for value enhancement.
All these acquisitions were made for Crossbay’s latest fund, Crossbay II. With these additions, Crossbay II's French portfolio now exceeds 150,000 m2, and since 2019, Crossbay has managed approximately €400 mln in French urban logistics assets.
Augustin Olivier, head of France at Crossbay, said: “The Ceva sale-and-leaseback provides stable, long-term income from a tenant with excellent covenant strength. This transaction enhances Crossbay's footprint within France's major cities and will ensure Ceva has long-term access to best-in-class cross-dock facilities. Through the implementation of major CapEx programmes, predominantly focused on ESG-related initiatives, we aim to deliver sustainable, high-performing assets that drive value for both our occupiers and investors." 
Marco Riva, CEO at Crossbay, added: “All acquisitions continue to align with our strategy of targeting well-located, urban logistics properties within gateway cities that offer opportunities for further value creation, including sustainability enhancements and operational improvements.” 
Besides France, Crossbay has been busy buying logistics properties in key European markets like the Benelux countries, Germany, Italy, Spain, and the UK. Their Crossbay II fund now manages a portfolio of over 800,000 m2 across these regions.