Crossbay, the last-mile logistics specialist incubated by pan-European private equity real estate investment manager MARK, has acquired a warehouse in Paris from Ivanhoé Cambridge for an undisclosed sum.
The 16,200 square metre warehouse is located north of Paris in the industrial area of Goussainville, a prime logistics hub in the vicinity of Paris Charles de Gaulles airport and well-connected to Paris. The asset has been acquired vacant and will be marketed to last-mile logistics users.
Crossbay will fully refurbish the warehouse, which was built in 2000, as part of its ESG-focussed asset management strategy. The CapEx programme will include the installation of EV charging, LED lighting, photovoltaic roofing, and a range of other technologies to reduce carbon emissions at the operational phase. Crossbay will also upgrade the asset to the latest technical standards to meet user requirements.
Source: press release sent 17 Sep 2024