Ivanhoé Cambridge completes expansion of its logistics warehouse in Fos-sur-Mer

Paris, 13 February 2024 - Global real estate investor Ivanhoé Cambridge has completed the final phase of the expansion of its logistics warehouse in Fos-sur-Mer, near Marseille. The extension of 24,000 m² brings the total area of the building to 92,000 m². It is part of the pan-European Hub & Flow logistics portfolio totalling 384,000 m².

The property in Fos-sur-Mer is located in a strategically important, underserved region in the "European backbone" of international trade: at the heart of the industrial harbour of Marseille, the second largest port in France, the logistics property offers access to a large and high-quality employment pool and enables the companies based there to reach around twelve million consumers directly.

"This project strengthens our position as a leading player in the French logistics market and reinforces our diversification strategy in this sector," says Martin Chevallier, Senior Director, Asset Management, France, at Ivanhoé Cambridge.

The platform in Fos-sur-Mer is a latest generation building (class A) built to high environmental standards (BREEAM Very Good target). The property includes a 46,000 m² photovoltaic system.

About Ivanhoé Cambridge

Ivanhoé Cambridge develops and invests in high-quality property properties, projects and companies that shape the urban landscape of dynamic cities around the world. The company takes a responsible and long-term approach to creating long-term returns. Ivanhoé Cambridge is committed to creating living spaces that promote the well-being of people and communities while reducing their environmental impact.

Ivanhoé Cambridge invests internationally alongside strategic partners and market-leading, major property funds. Through its subsidiaries and partnerships, the company holds interests in more than 1,500 buildings, primarily in the industrial and logistics, office, residential and retail property sectors. Ivanhoé Cambridge held more than $77 billion CAD in assets as at 31 December 2022 and is a real estate subsidiary of Caisse de dépôt et placement du Québec (cdpq.com), a global investment group. For more information, please visit: www.ivanhoecambridge.com

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