In Lyon, Celogox has paid €10.9 million ($10.9 million) for a240,000-sf distribution centre on La Plaine de l'Ain logisticspark, close to the A42 Lyon - Geneva autoroute. The building is leton a long-term lease to Hayward Pool Europe.

And in St. Fargeau - Ponthierry, south of Paris, the fund haspaid €15 million ($15 million) for a 257,000-sf unit on the Z.A.C.de l'Europe logistics park. The property was completed in July 2001and is let to the Mory Team.

The deals mean that the Celogix fund--which is currentlyinvesting on behalf of ten Dutch institutional investors--is likelyto reach its €200 million ($200 million) investment ceiling by theend of 2002. The fund manager, Aberdeen Property Investors, nowplans to open up the fund to new investors, with the aim of growingthe fund to €400 – €500 million ($400 - $500 million) by the end of2003.