A Sale FROM SCRATCH
PGIM REAL ESTATE, an investor specialising in business premises has just acquired the project being developed by FAUBOURG PROMOTION near Paris. The project won them over for various reasons, such as the location at a major junction where roads and motorways come together and the fact that the construction work will get underway in ten months, as planning permission and licences have already been obtained.
30,000 m² OF STORAGE
The project acquired by PGIM stretches out over a 7.6 hectare plot in the heart of the Le Noyer aux Perdrix Park. It involves the construction of a 31,000 m² logistics warehouse divided into five 6000 m² units. Planning permission has been given for the construction of a hub for dry or temperature controlled storage. Environmental aspects have been taken into account and the building should obtain BREEAM Good certification.
A cross-sector approach with IDEC
The construction of this logistics project is being handed over by PGIM REAL ESTATE to IDEC. This latest project is once again an illustration of the IDEC GROUP’s ability to apply all its know-how from planning, development, including turnkey design and construction.
The business property developer, FAUBOURG PROMOTION is there to listen to you as you develop your projects and offer a sensible response as you seek to make the most of the land you have at your disposal. If you have a plot to develop or wish to develop a project, please contact us.