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| MGPA and Concerto lease Logiffine in Valence to LPG Finance Industrie S.A. |
6 April 2009 - MGPA, the private equity real estate investment advisory company and Concerto European Developer SAS (Concerto) today announce the leasing of a Logiffine logistics park development in Montéléger (Drôme), to LPG Finance Industrie S.A., a leader in professional technologies in treatment and aesthetic care. This announcement comes shortly after the leasing of the Logiffine site in Lille to Simastock (Groupe Bils Deroo). The site, located in the Zone d’activitiés de Beauvert in Montéléger (26), near Valence, with a surface area of 18,500 square metres, has been built to very high specifications. It also benefits from excellent transport links. The lease agreement with LPG Finance Industrie S.A. covers 6,500 square metres and a nine year period. MGPA CEO Europe, Alex Jeffrey said, “The lease with LPG illustrates the growing interest amongst users for high growth logistics zones like Valence, which we believe hold strong development potential for the years to come. We are very pleased with the success of the Logiffine partnership with Concerto and are delighted that we have signed this lease just a few weeks after that of our site in Lille.” Concerto Chairman Ariel Lahmi, said, “We are very proud of the trust shown to us by LPG, a high quality tenant and a leader in the technology sector. The Montéléger site boasts a strong regional dynamic and enables Logiffine to reaffirm its confidence in the development of logistics in the area.” CB Richard Ellis advised the two parties in this transaction. |
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| Logiffine |
| MGPA, on behalf of its managed fund MGPA Europe Fund II began a partnership with Concerto in 2006, for the development of the Logiffine subsidiary. Delivering on its original investment strategy, Logiffine aims at building a portfolio of logistics facilities in France to strengthen the offer of technologically up-to-date, high quality facilities, in good locations. |
| MGPA |
| MGPA is an independently managed private equity real estate investment advisory company focused on real estate investment in Europe and Asia. Through its headquarters in Bermuda and network of offices throughout Europe and Asia, MGPA currently manages US$10.4 billion in assets throughout these two regions. Its managed investments include development and redevelopment projects, joint-ventures and real estate operating companies in the office, retail, industrial, residential and hotel sectors. MGPA is owned by its senior management team and the Macquarie Group, a diversified international provider of banking, financial, advisory and investment services, headquartered in Sydney, Australia. For more information about MGPA please visit www.mgpa.com |
| Concerto European Developer |
Concerto is a property developer that specializes in the development of new generation logistics platforms and warehouses, as well as the refurbishment of used facilities for third parties, Concerto was founded in 1998 and is active in France, Spain, Belgium and Switzerland. Concerto is a subsidiary of the Affine group, a property group listed on Euronext market in Paris whose stock is a member of the EPRA index, Affine Group, founded in 1990, owns office, retail and logistics assets in France and Belgium, directly or through its subsidiaries, and its real estate portfolio value exceeds €1 billion. For more information about Concerto please visit www.concerto.fr |
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