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July 19, 2023 | Lizzie Beuzeval

Logicor, a leading owner, manager, and developer of logistics real estate in Europe, has acquired a forward funded speculative development from Scannell Properties for an undisclosed sum.

The development will be a c.10,000 sqm, Grade A modern warehouse that will further increase Logicor’s presence in France and will add to the c.4 million sqm currently in the portfolio. It is scheduled for delivery in late 2024.

Located on the Rue de la papeterie in Conflans-Saint-Honorine, the development is alongside Francilienne (N184) and close to the A15 motorway, making it an ideal location for customers requiring access to the key motorway networks of Paris and beyond.

Additionally, it is within walking distance of two stations with connections to the RER A and Transilien networks.

On a 2.5 ha land plot with over 5,500 sqm of green spaces, the development designed by Atelier M3 will comprise 8,283 sqm of storage and activity space, plus 1,715 sqm of mezzanine offices and social premises. The site can be configured to accommodate up to three customers, and will feature seven truck waiting areas and 120 parking spaces.

Acquiring this forward-funded speculative development is a great example of our strategy in action. We want to enhance our portfolio with modern, well-located assets – in areas where we know our customers want to be."

Just 25 minutes from the Paris ring road, within France's largest consumer catchment area, this project has all the qualities needed by an e-commerce or last-mile logistics operator, and with a storage height of over 10 m and a floor capacity of 5t/sqm, it will contribute to the efficiency of its future users, which is why we are confident in launching this speculative development project."

Laurent Dubos

Country Manager of Logicor France

The sale and speculative launch of this urban logistics project marks the culmination of 4 years of preparatory work, in particular with the town councils of Conflans-Sainte-Honorine and Eragny, as well as the Prefecture of Yvelines, whom we thank for their welcome and support."

This development illustrates Scannell Properties' ability to identify strategic sites and develop projects designed to deliver to end-users as quickly as possible."

Hugues Desbarrieres

Development Director for Scannell Properties France

The development will target BREEAM Very Good and is ICPE 1510-registered. It will include a photovoltaic power plant on the roof, LED lighting, planting of over 40 trees, infiltration basins to manage rainwater with depollution system, 3 EV terminals and 17 EV-ready parking spaces.

Logicor carried out this acquisition with the advice of Monassier & Associés notaries, BG2V law firm, and IREO as technical advisor.

Scannell Properties was advised by Régnier Notaires, Dentons and CBRE.

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For media enquiries:

Lizzie Beuzeval, Director Communications and Marketing, [email protected]

Alain N'Dong, Treize Cent Treize; [email protected]

About Logicor France

Logicor is one of the leading owners, managers, and developers of modern real estate in logistics and distribution in Europe. As at 31 December 2022, Logicor owns or manages c.4 million square meters in key French logistics markets. For more information, please visit www.logicor.eu