BCLP advises SEGRO on the sale of the Onyx portfolio in France to Hines

BCLP advised SEGRO, a European industrial and logistics property company, on the sale of its French Onyx portfolio of 5 buildings, to Hines.

Listed on the London and Paris stock exchanges, SEGRO is one of Europe's leading owners, managers and developers of modern warehouses and industrial properties. SEGRO owns and manages a portfolio of 10.8sqm worth €24.4 billion and operates in the UK, France and six other European countries.

The sale of the French Onyx portfolio concerns 5 logistics platforms, four of which are located in Saint-Ouen-L'Aumône (95) and one in Oignies (62), totalling almost 130,000sqm.

The BCLP team that assisted SEGRO on the tax aspects of the transaction consisted of Partner Olivier Mesmin and Senior Associate Yecine Nour.

14 Pyramides Notaires advised on the real estate aspects of the transaction.

Our tax team recently also advised SEGRO on the sale of a 26,000sqm asset (and 47,000m2 of land) in Dugny.