Morgan Stanley REI secures five‑asset logistics portfolio across France

Morgan Stanley Real Estate Investing (MSREI) has expanded its French logistics footprint with the acquisition of a five‑asset, fully leased portfolio totaling around 160,000 sqm across key distribution hubs including Paris, Lille, Bordeaux, Nîmes and Tours.

The deal, completed through investment funds managed by Morgan Stanley Investment Management, underscores the firm’s continued conviction in France’s logistics sector, where institutional demand remains resilient despite tighter financing conditions and a cooling transaction environment.

FIRE Asset Management has been appointed operating partner and will work alongside MSREI to execute an active asset management strategy aimed at enhancing long‑term value and supporting tenant operations across the portfolio.

Charles du Breuil, Head of France for MSREI, said the acquisition “reflects MSREI’s continued focus on investing in high‑quality industrial and logistics real estate supported by strong market fundamentals and durable tenant demand,” adding that the portfolio offers “an attractive opportunity to create value through active asset management.”

The transaction lands at a moment when French logistics continues to attract global capital, driven by resilient occupier demand, constrained modern supply and sustained e‑commerce penetration. Prime yields have shown signs of stabilisation in recent quarters, prompting renewed interest from value‑add investors seeking opportunities to reposition or intensify assets. MSREI has been an active player in France’s logistics landscape over the past decade, with a track record of both acquisitions and disposals across major corridors. This latest move suggests the firm sees continued upside in well‑located, income‑producing assets with room for operational enhancement.