Blackbrook has invested in 50,000m² logistics facility in the Southeast of Paris, France. Located in Paris’ 4th ring, the new facility benefits from attractive occupier costs, convenient arterial motorway access, and a strong labour pool. It has been optimised for both a single tenant as well as multiple occupiers seeking a convenient location to serve both Paris and broader distribution requirements across France. The development has been sustainably designed to achieve a BREEAM ‘Excellent’ certification.
The facility will be well-connected to Paris and the rest of France within close proximity of the two main North-South Axis routes from Paris: the A6 and the A5 which link France’s most populous cities: Paris, Lyon and Marseille. More than 17 million people are reachable within a three-hour drive of the facility.
Jon Strang, Managing Director of Blackbrook said: “The Paris market is supply-constrained with record low vacancy in the city’s immediate vicinity. This has made areas in the Parisian 4th ring highly attractive to occupiers, where they can save materially on total occupier costs and gain access to a large workforce. We are very excited to be bringing to the market a new and fully optimised facility to meet this growing demand.”
Arvi Luoma, Co-Founder and CEO of Blackbrook added: “Our first investment in France is an important milestone for Blackbrook. The French distribution network relies heavily on road transport while the e-commerce sector is rapidly growing and now the 5th largest in the world, both driving tenant demand for sustainable and efficient logistics assets. This investment therefore encapsulates our core-strategy of investing in future-proof supply chain infrastructure, and our ambitions to expand our footprint in new and compelling European markets.”