"Virtuo Industrial Property and TPG Real Estate Launch €200 Million Low-Carbon Logistics Development Portfolio in France"

"Virtuo Industrial Property has partnered with TPG Real Estate's platform, Intervest, to launch a €200 million logistics development portfolio in France, focusing on low-carbon logistics buildings. The joint venture targets supply-constrained markets and includes six projects, with financing support from Cheyne Capital and asset management by Alteo Investment Management. BCLP advised Virtuo on real estate, corporate, and tax matters for the transaction."

BCLP advised Virtuo Industrial Property, while Cheyne Capital received support from Alteo Investment Management in the transaction. The transaction involved Virtuo Industrial Property forming a joint venture with Intervest, a platform recently acquired by TPG Real Estate, to launch a €200 million logistics development portfolio in France. The portfolio aims to deliver next-generation, low-carbon logistics buildings in key supply-constrained markets across the country. Financing for the projects will be supported by approximately €115 million from Cheyne Capital. The BCLP team advising Virtuo Industrial Property included Partner Jean-Louis Martin and Counsel Edouard Alcouffe on real estate and corporate matters, and Partner Olivier Mesmin and Senior Associate Yecine Nour on tax matters.

"Virtuo Industrial Property and TPG Real Estate Launch €200 Million Low-Carbon Logistics Development Portfolio in France"

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