Germany’s Deka Immobilien has exchanged contracts on new build project in the Paris metropolitan region of Île-de-France for €160 mln.
The seller is Gemfi, the development arm of the French real estate company Gicram Groupe.
The e-commerce fulfilment centre will be added to the portfolio of the open-ended real estate fund, Deka-Immobilien Europa, for which the deal marks a re-entry to French logistics.
"Project Tailor" in Montereau-sur-le-Jard offers more than 141,000 m2 of leasable space, 1,217 parking spaces for cars and 66 parking spaces for heavy goods vehicles.
It is fully leased under a long-term lease to the highly profitable German online fashion retailer Zalando that intends to supply all of France from the hub.
