In 2013 Northwood acquired the French Industrial Portfolio, a portfolio of 10 office/industrial parks located in established commercial locations throughout France and comprising more than 300 units of varying ages with a total leasable area of approximately 2.8 million square feet.
The portfolio provided diversity of income across a wide range of tenants with no one tenant representing more than 5% of total income. Several of the key assets had significant longer-term redevelopment potential.
