CBRE has advised Sogaris, a French logistics real estate investor, on the purchase of a 65,000 m[sup]2[/sup] site that will become a new cross dock platform in Créteil, France. The site was purchased from PostImmo and the transaction was 70% funded by Société Générale and French financial services group, CIC.
CBRE has advised Sogaris, a French logistics real estate investor, on the purchase of a 65,000 m2 site that will become a new cross dock platform in Créteil, France. The site was purchased from PostImmo and the transaction was 70% funded by Société Générale and French financial services group, CIC.
The financial details were not disclosed.
Located in the Industrial Zone des Marais in Créteil, the site is close to Sogaris’ existing cross dock platform, and the acquisition forms part of its ongoing strategy to develop its urban logistics portfolio. Créteil, a south eastern suburb of Paris, is strategically located alongside the A86 and will soon benefit from a new RER D station linking it to Paris via France's fast rail TGV system. The site is currently vacant and will be partly refurbished ahead of marketing to potential tenants.
