UK logistics group Segro said on Thursday it has completed the last phase of development of its Carre des Aviateurs business park located between Paris and the Roissy Charles de Gaulle airport. The park is completely let to 20 tenants, including Blindages de France, Ditac, Baxi (Idéal standard), Stannah, Finimétal, Groupe U10, JJA, FISO (Paul & Joe). Segro bought the 7.5-hectare plot of land in 2003 to develop a 35,000 m[sup]2[/sup] business park on the site. The park comprises a restaurant which is managed by Sodexho. The fist phase of the business park was delivered in 2004 and the last 3,600 m[sup]2[/sup] is due for completion in July.
UK logistics group Segro said on Thursday it has completed the last phase of development of its Carre des Aviateurs business park located between Paris and the Roissy Charles de Gaulle airport. The park is completely let to 20 tenants, including Blindages de France, Ditac, Baxi (Idéal standard), Stannah, Finimétal, Groupe U10, JJA, FISO (Paul & Joe). Segro bought the 7.5-hectare plot of land in 2003 to develop a 35,000 m2 business park on the site. The park comprises a restaurant which is managed by Sodexho. The fist phase of the business park was delivered in 2004 and the last 3,600 m2 is due for completion in July.
'The business parks with services are still a rare product in France, representing just 5% of the global stock, while demand for the assets is robust,' said Segro's director for France Laurent Horbette. 'Segro is developing two other business parks in France, one north of the Bourget airport, in Gonesse, and the other in Courneuve.'
Active in France since 1973, Segro has a portfolio of 630,000 m2 in the country worth some EUR 530mln, of which about 80 % in the Ile-de-France region. About 15% is in the Lyon region and another 5% in Marseille.
