• Crossbay concludes over 100,000 sq. m. of acquisitions in France across 2025
• Latest transaction to complete is a nine-asset sale-and-leaseback with a leading global 3PL, CEVA Logistics 
• Since 2019, Crossbay has managed approximately €400m of urban logistics assets in France

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. These include:

• A development in Argenteuil occupied by a leading French catering company;
• A fully let logistics asset in Chelles serving as a crossdock facility for Viaposte, a subsidiary of La Poste;
• A sale-and-leaseback transaction in the south of Paris region with a company specialising in the distribution of hygiene, cleaning products and equipment to the hospitality sector; 
• A standing asset located in Saint-Ouen-l’Aumône, acquired from a French REIT, with significant value creation potential through CapEx investments and rental reversion.

All the above acquisitions were completed on behalf of Crossbay’s latest pan-European value-add fund, Crossbay II. For these acquisitions, Crossbay was advised by C&C Notaires, Jones Day (legal), Castaldi Partners and Ramboll (environmental), Savills (technical), Carb0n (ESG) and Taj (tax). 

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.

In addition to France, Crossbay has been actively acquiring assets in other major European logistics markets, including the Benelux region, Germany, France, Italy, Spain, and the UK. Crossbay II’s pan-European portfolio now totals over 800,000 sq. m. 

Marco Riva, CEO at Crossbay, added: “Through disciplined and selective capital deployment, we have significantly grown Crossbay II’s portfolio not only in France but in other core European markets too. All acquisitions continue to align with our strategy of targeting well-located, urban logistics properties within gateway cities that offer opportunities for further value creation, including sustainability enhancements and operational improvements.”