ASSET DESCRIPTION
• Ten light industrial parcs totaling 250,000 sqm
• The assets are located in Paris, Lyon and Marseille

CONTEXT
• Acquisition by Northwood Investors, the assets were sold by Axa and managed by Valad
• Post acquisition, the asset management has been transitioned to a JV created by Northwood and Normandie and the portfolio has been rebranded SWEN ('South West East and North')
• Full exit in different sub portfolios between 2016 and 2018

NORMANDIE'S ROLE
• Asset Underwriting
• Redevelopment analysis
• Co-investment alongside Northwood
• Asset and Property Management under a JV agreement with Northwood