Ivanhoé Cambridge today announced the acquisition, from Nacarat, of a new speculative logistics development project in Lambres-lez-Douai, south of Lille.
The Hauts-de-France region is the second-largest logistics region in France, behind Île-de-France. The 57,700 m² site is ideally located within the Hermitage activity zone, enjoying strategic positioning in a premium logistics area at the intersection of the country’s strategic north-south and east-west corridors, autoroutes A1 and A21.
Ivanhoé Cambridge intends to develop approximately 28,500 m² of next-generation (Class A) logistics spaces on the site and will target stringent sustainability certification (BREEAM Excellent). Construction is to begin in January 2024 with a planned delivery date in the first quarter of 2025. With this transaction, the total area of the Hub & Flow logistics portfolio in Europe now stands at 384,000 m², concentrated in premium locations and meeting the highest technical standards.
Garbe Industrial Real Estate (Garbe), a developer-investor and asset manager with a pan-European presence, aided Ivanhoé Cambridge in structuring this transaction and will assist the Company during development and commercialization of the asset.
You can now read the full press release at the link belowat the link below