ABZ Trade Park Acquired by La Française REM
Deal News | May 21, 2025 | La Francaise REM SAS
La Française Real Estate Managers (REM), a prominent real estate asset management firm, has successfully completed the off-market acquisition of ABZ Trade Park from ABZ Developments. Located near Aberdeen International Airport, this light industrial property comprises 15 units across 39,273 sq.ft. and is a part of the wider ABZ Business Park. Providing noteworthy ESG credentials with an Energy Performance Certificate (EPC) rating of A, the estate is fully let to 10 tenants on leases ranging from five to ten years. The park is strategically positioned with excellent connectivity and is well serviced by public transport. With Aberdeen's shortage of new light industrial units and limited development pipeline, this acquisition, valued at over 5.4 million euros, promises favorable long-term value. The transaction was carried out on behalf of a collective real estate investment vehicle, with advisory support from CBRE, Lindsays, and CS2.
Sectors
- Real Estate
- Industrial and Logistics
Geography
- United Kingdom – The location of the acquired property, ABZ Trade Park, is in Aberdeen, Scotland.
- France – La Française Real Estate Managers (REM), the acquiring firm, is based in France.
Industry
- Real Estate – The acquisition involves a real estate asset management firm expanding its portfolio with a new property acquisition.
- Industrial and Logistics – The asset in question is a light industrial property, making this industry relevant.
Financials
- 5.4 million+ euros – Transaction volume for the acquisition of ABZ Trade Park.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| La Française Real Estate Managers (REM) | Buyer | Company | A real estate asset management firm expanding its portfolio with the acquisition of ABZ Trade Park. |
| ABZ Developments | Vendor | Company | The company that sold ABZ Trade Park to La Française REM. |
| CBRE | Advisor | Company | Provided advisory services to La Française REM in the acquisition. |
| Lindsays | Legal Advisor | Company | Provided legal advisory services for the acquisition. |
| CS2 | Technical and Environmental Due Diligence | Company | Conducted technical and environmental due diligence for the acquisition. |
| David Rendall | Head of International Real Estate and Managing Director | Person | Represents La Française REM UK, commenting on the strategic importance of the acquisition. |