French property group Nexity said its joint venture with Dutch real estate giant ING Real Estate has been selected by the city of Marseille from 10 other bidders to undertake the first phase of the Docks Libres regeneration project in Marseille. Docks Libres is located in the third arrondissement of Marseille and consists of 38 hectares currently consisting mostly logistics and public services spaces.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
