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
Media contact Germany
Edelman GmbH
Sven-Matthias Heim
Phone: +49 69 509 546 346
teamivanhoecambridge@edelmansmithfield.com
Latest Warehouse News
Topping-out ceremony for Panattoni Park Lübeck Süd: New location with international prospects
The modern logistics and production site with a total area of around 46,000 m² is located in the newly developed Semiramis industrial park, one of the last large industrial areas in the Hanseatic city...
The Evolution of Commerce, the "Slow Rise" of AI, and Hyper-Personalization: Supply Chain and Retail Predictions for 2026
Technological advancements remain rapid, global dynamics are changing almost daily, and consumer expectations are changing faster than at any time in retail history...
Successful completion: Panattoni sells innovative multi-tenant project in Berlin to DWS
The fully let Panattoni Campus Berlin Zentrum has been successfully sold to DWS Group, a leading asset manager in Europe with a global reach....
Panattoni realises modern bakery for Edeka Südwest
Edeka Südwest will rely on a new, state-of-the-art production site for this purpose in the future...