Harbert Management Corporation and DeA Capital Real Estate have formed a joint venture to acquire a 73,000 sq.m. portfolio of business parks in France, emphasizing their commitment to sustainable investment in a high-demand market.

Information on the Target

On January 15, 2026, Harbert Management Corporation (HMC), a U.S.-based alternative asset manager specializing in real assets, in collaboration with DeA Capital Real Estate, a prominent real estate investment manager in Europe, finalized the acquisition of a portfolio comprising approximately 73,000 square meters of business parks in France. This transaction, executed through HMC’s European Real Estate platform (HERE), emphasizes HMC's unwavering belief in modern, strategically located industrial formats that cater to strong occupier demand amid limited new supply.

The portfolio consists of seven forward-funded new-build properties located in strategic areas including Croissy-Beaubourg (Île-de-France), Mondeville (Caen), Petit-Couronne (Rouen), Ludres (Nancy), Chasseneuil (Poitiers), Marck (Calais), and Le Mans. The financing for this transaction was facilitated by a consortium of banks, although specific financial details have not been disclosed.

Industry Overview in France

The French business parks market benefits from robust fundamentals, characterized by consistently strong occupier demand and constrained new supply. This scenario creates favorable yield levels that present an attractive contrast to tradit