CBRE Investment Management has made its first European investment in multi-storey urban logistics, partnering with Virtuo Industrial Property to co-develop a 36,000sqm mixed-use scheme in France.
The global real assets investment management firm said it has partnered with Virtuo to deliver the Cadences project on a 3.8-hectare brownfield site in Bezons, Greater Paris.
Completion is scheduled for the second quarter of 2027.
No financial details were disclosed.
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.”
Grégory Blouin, chairman of Virtuo, said: “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.”
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