PARIS, July 24, 2026
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a portfolio of five French logistics assets. The fully leased portfolio totals approximately 160,000 square meters across established French logistics markets in Paris, Lille, Bordeaux, Nîmes, and Tours.
MSREI plans to implement an active asset management strategy across the portfolio to enhance long-term value and support tenant operations. FIRE Asset Management (FIRE) will serve as the operating partner for the portfolio.
Charles du Breuil, Head of France for Morgan Stanley Real Estate Investing, stated: “This acquisition reflects MSREI’s continued focus on investing in high-quality industrial and logistics real estate supported by strong market fundamentals and durable tenant demand. It further confirms our appetite for the logistics asset class in France. We have a successful track record of logistics acquisitions and disposals in the French market, and we believe this portfolio offers an attractive opportunity to create value through active asset management.”
About Morgan Stanley Real Estate Investing
Morgan Stanley Real Estate Investing is the global private real estate investment management arm of Morgan Stanley. For over three decades, MSREI has been one of the most active property investors worldwide, employing a patient and disciplined approach through value-add and opportunistic strategies. With 17 offices across the U.S., Europe, and Asia, its regional teams combine a global perspective with local expertise, managing $58 billion in gross real estate assets on behalf of clients.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, along with its investment advisory affiliates, has more than 1,300 investment professionals globally and $2 trillion in assets under management or supervision as of June 30, 2026. The firm is committed to providing outstanding long-term investment performance, service, and a comprehensive suite of investment solutions to a diverse range of clients, including governments, institutions, and individuals worldwide. For more information, visit www.morganstanley.com/im.
