Deka Immobilien has acquired a newly constructed e-fulfilment centre in the Paris region for around EUR 160 million. Gemfi, the development arm of Gicram Group, established the building to address the needs of users and subsequently sold it to Deka. The new building will be added to the portfolio of the Deka-ImmobilienEuropa open-ended property fund.
The “Tailor” project completed in February 2024 at ZAC du Tertre de Montereau comprises 140,000 sqm of leasable space plus over 1,200 car parking spaces, over 60 HGV parking spaces and over 170 bicycle parking spaces. It is let to Zalando SE, a leading European e-Commerce destination for fashion and lifestyle. The e-commerce provider plans to supply customers in France and the neighbouring markets from this centralised logistics area with good motorway connections.
“With the acquisition of this logistics property into our portfolio, we reaffirm our commitment to the French market and our confidence in the dynamic development of Île-de-France. This project exemplifies our strategy to invest in unique and forward-thinking assets that not only enrich our portfolio but also set new standards in innovation and sustainability. Current and future investments further strengthen our presence. Last but not least, we aim to actively shape the development of local real estate markets,” said Dr. Malte-Maria Münchow, Head of Acquisitions and Sales Special Real Estate, Deka Investments.
The new building is located in Europe’s largest metropolitan area, “Île-de-France”, on the outskirts of the most active logistics market in Paris, “Grand Paris Sud”. The property is situated immediately adjacent to a Colissimo (“La Poste”) distribution centre. The property is aiming for the British BREEAM seal of approval for sustainable construction with “Excellent”.
With this acquisition, the management of Deka-ImmobilienEuropa is reentering the French logistics market and consolidating the logistics share of the portfolio as a whole.
