DWS today announced the off-market acquisition of a newly constructed, prime logistics asset located in Greater Paris from French developer, Télamon, also the facility’s builder. The acquisition is on behalf of an institutional separate account mandate managed by DWS.
Designed for the French subsidiary of GLS, one of the leading express parcel delivery service providers in Europe, the courier warehouse is fully leased to GLS France on a 12-year term and will become one of their main national hubs. The cutting-edge facility built in December 2023, comprises almost 12,000 square metres with the ability to accommodate up to 350,000 parcels per day. Built to a high ESG specification, it aims to achieve a BREEAM RFO and Biodiversity certification upon delivery.
Situated within the prime logistics hub of ZAC des “Haies Blanches”, its location along a strategic axis between the south-east of Paris and the Lyon region (on the A6 motorway) will allow it to deliver to 14 million plus inhabitants in less than 2 hours.
Source: Press release sent 29 July 2024