CBRE Investment Management Completes Redevelopment of Highly Sustainable Paris Warehouse and Secures Pre-Letting to Italian Logistics Firm

CBRE Investment Management, on behalf of a fund sponsored by the firm, has completed the redevelopment of a highly sustainable 16,787 sq m warehouse in east Paris, which it has pre-let to Italian logistics firm, Arcese.

The project involved the demolition of an existing energy inefficient 12,134 sqm building known as Lognes Distribution Centre, which had not been renovated since its construction in 1988. The new building has been constructed to extremely high environmental standards that set a benchmark for new ESG-led logistics buildings.

The new warehouse has received BREEAM Excellent certification, BiodiverCity label level Good, BBCA (low carbon building) and has received NF HQE Excellent ratings. The new building is equipped with a high-performance heating, ventilation, and air conditioning (HVAC) system, a state-of-the-art building management system (BMS), LED lighting, specialist insulation, and PV panels to promote on-site renewable energy.

With the health and wellbeing of occupiers in mind, external sports facilities are also part of the new development, which includes a bocce ball court as well as bicycle racks, and a relaxation zone. Meanwhile, new cycle paths and walkways provide safe access to the building, and a garden area helps to promote biodiversity.

Arcese, which specialises in delivering transport and integrated logistics solutions for clients, has signed a 11-year lease on this new building. It is located in Lognes, in the eastern suburbs of Paris, within the French logistics corridor that links Lille in the North to the South of France via Lyon. As part of an established logistics market, Lognes is already home to several large international and national logistics companies.

Grégory Bercovici, Senior Asset Manager Logistics at CBRE Investment Management, said: “This was an exciting opportunity to create a high quality logistics asset, with sustainability at its core. As well as earning excellent ratings from four different environmental certification bodies, the project is in line with the strategy for this fund, delivering a high-performing, sustainable building that creates positive environmental and social impact, whilst also meeting the demands of occupiers – as evidenced by the building’s pre-let status.”

Alessandro Vai, Country Manager of Arcese Transport France & Belgium, added, “We are pleased to have officially taken possession of this new warehouse and could not be more excited about the opportunities it presents for our business.

“This new warehouse offers us a spacious layout that perfectly suits our operational needs. Moreover, it aligns with our commitment to sustainability as it holds some green certifications and labels, which are very important to both our company and our clients.

 

“Our partnership with CBRE Investment Management has been instrumental in securing this warehouse, and we couldn't be more grateful for their support throughout this process. Their expertise and dedication have made this collaboration a success.”

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $146.2 billion in assets under management* as of December 31, 2024, 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 (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend 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.