CBRE Investment Management and Virtuo Co-develop Cadences, a Multi-Storey Urban Logistics Scheme in Greater Paris

CBRE Investment Management (CBRE IM), on behalf of a fund it sponsors, has partnered with Virtuo Industrial Property (Virtuo) to co-develop Cadences, a multi-storey, mixed-use urban logistics scheme in Bezons, Greater Paris.

The project involves the redevelopment of a 3.8-hectare brownfield site into a modern, sustainable asset designed to accommodate a range of occupiers, including logistics operators, last-mile delivery providers and light industrial businesses. Once complete, Cadences will provide approximately 36,000 sq m of space across multiple levels, supporting efficient land use in a supply-constrained urban location.

Strategically located near the Port of Gennevilliers and key motorway connections (A14, A15 and A86), the site offers strong connectivity to central Paris and La Défense, positioning it to serve one of Europe's largest and most dynamic consumer markets.

The scheme combines:

• Ground-floor Urban logistics space
• First-floor cross-dock delivery facilities
• Second floor light industrial premises for Small and Medium-sized Enterprises (SMEs)

All floorplates have been designed to be divisible, offering flexibility to accommodate a range of occupier requirements. The multi-level design enables occupiers to benefit from functionality typically associated with single-storey assets, while maximising land efficiency in an urban environment.

Thibault Nicole-Malpas, Head of Transactions France at CBRE Investment Management, said: "Alongside its prime urban logistics location, the Cadences project stood out for its well-considered design. Virtuo, a long-standing partner of CBRE Investment Management, is a recognised leader in multi-storey industrial development in France. By combining our operational expertise across EMEA and APAC, we are confident this concept will meet the needs of a broad range of occupiers. Evolving consumption patterns and a shortage of suitable space for SMEs and light industrial businesses continue to drive demand for this type of asset. Developments like Cadences play an important role in supporting local economic activity."

Cadences has been designed with strong sustainability credentials. The redevelopment of a brownfield site supports responsible land use, while the building will incorporate a range of features to enhance energy efficiency and reduce carbon emissions. These include photovoltaic panels, waste heat recovery from a nearby data centre and circular construction principles, including the reuse of materials from the existing structures.

Grégory Blouin, Chairman of Virtuo, added: "Cadences reflects our commitment to innovation in sustainable development. Building on the environmental performance standards we apply across our portfolio, our teams have explored additional solutions to reduce the project's carbon footprint.

This approach is fully aligned with our broader commitments and is designed to provide occupiers with high-quality, efficient space that supports their operational performance."

The scheme is targeting BREEAM Outstanding certification, as well as the BiodiverCity and WiredScore labels.

Delivery is expected in Q2 2027.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $155.2 billion in assets under management^* as of March 31, 2026, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.