Virtuo Industrial Property and TPG Real Estate formed a €200m joint venture.

Virtuo Industrial Property, a company specializing in the ecological transformation of logistics real estate, and TPG Real Estate, a real estate equity investment platform, formed a €200m joint venture to develop a speculative logistics real estate portfolio in France. "With TPG Real Estate and Intervest, we give substance to our reason for being: to design logistics spaces that reconcile economic performance and environmental responsibility. Through these six new projects, we demonstrate that logistics can be a positive lever for regions, a driver of innovation, and a key player in the low-carbon transition," Grégory Blouin, Virtuo Industrial Property President.