Realterm acquires strategic truck terminal in Seclin, France

Realterm, an independent global investment manager focused on the transportation industry, today announced the acquisition of 4 Rue de Lorival, a strategically positioned truck terminal located in Seclin, France, a prime logistics submarket of Lille.

The 26,379-square-meter site includes a 5,820-square-meter truck terminal with 14 loading positions and comprised of office and maintenance space. The property also features a large IOS area with 98 truck parking spaces, three points of ingress/egress, as well as ample car parking. AS Transports JLF, a Seclin-based transport company specializing in road haulage, currently occupies the site under a long-term lease.

“This facility presented a strong opportunity to acquire a highly functional, fully leased asset in a key, but supply-constrained, logistics hub,” said Balazs Lados, Managing Director, European Fund Manager at Realterm. “The site’s location, loading ratio, and substantial truck parking make it a valuable addition to our European portfolio.”

The truck terminal is advantageously positioned in Greater Lille market, a sought-after region at the center of three urban areas – Lille, Lens and Douai – and sits in a prime HFT location capable of reaching the Benelux region, Germany and the UK. The facility has direct access to the A1 Highway, is 15 minutes away from Lille Airport and is directly proximal to other major logistics area of the Greater Lille markets.

“Seclin is a strategic French submarket at the heart of the European logistics corridor,” said Hugues Tallandier, Head of Investments, Southern Europe at Realterm. “This investment highlights Realterm's continued confidence in the French and European logistics sectors and reinforces our commitment to actively pursuing highly functional assets in critical supply-chain locations.”

Realterm’s advisers in the transaction included R&D Notaires for the notarial aspects, Eversheds Sutherland for the legal matters & tax advisory and Top Management as well as Andine as technical, environmental and ICPE advisors. The deal was brokered by BNP Paribas Real Estate.