PARIS-Curzon Capital Partners II Fund, through AEW Europe, has sold an eight-property logistics portfolio for $243 million. GLL Real Estate Partners was the buyer of the three-million-square-foot portfolio that is spread throughout France.

Merrick Marshall, head of asset management for London-based AEW Europe, said in a statement that there’s a strong demand for core logistics assets in France. “Values in the French logistics sector have rebounded strongly since the credit crisis,” Marshall said. “We believe this is a very opportune time to sell some exceptional assets, both in terms of quality and location, and to lock in robust returns for our investors.

Barry McGowan, chief investment officer for GLL, said in the statement that the deal will help further the company’s global logistics strategy. “We’ve now completed four transactions in four EU countries and look forward to continuing this strategic initiative in the North and South American markets,” he said.

CB Richard Ellis and Salans advised the fund on the transaction. Salans also joined Jones Lang LaSalle in consulting GLL.