Crossbay, the urban logistics strategy of pan-European real estate investment and asset manager MARK Capital Management, expanded its presence in France over 2025 with the acquisition of 13 urban logistics assets totalling approximately 110,000 sq. m.
The most recent acquisition, completed in December 2025, is a sale-and-leaseback transaction comprising nine assets totalling 37,900 sqm. The portfolio was acquired from CEVA Logistics.
All the properties are secured on nine-year leases and situated within established industrial and logistics hubs close to major French cities including Marseille and Bordeaux. BNP Paribas Real Estate acted as sell-side adviser, with CBRE acting as buy-side adviser.
Augustin Olivier, Head of France at Crossbay, said: “The CEVA sale-and-leaseback provides stable, long-term income from a tenant with excellent covenant strength. This transaction enhances Crossbay’s footprint within France’s major cities and will ensure CEVA has long-term access to best-in-class cross-dock facilities. Through the implementation of major CapEx programmes, predominantly focused on ESG-related initiatives, we aim to deliver sustainable, high-performing assets that drive value for both our occupiers and investors.”
In addition, in 2025, Crossbay acquired four last-mile assets in the Paris region, totalling c. 70,000 sqm.
Crossbay II’s French portfolio now totals over 150,000 sq. m. Since 2019, Crossbay has managed approximately €400m of urban logistics assets in France.
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