FAUBOURG PROMOTION COMPLETES THE SALE OF A 30,000 M² PROJECT IN SERVON (SEINE-ET-MARNE)

FAUBOURG PROMOTION COMPLETES THE SALE OF A 30,000 M² PROJECT IN SERVON (SEINE-ET-MARNE) https://www.groupeidec.com/wp-content/uploads/2019/09/csm-servon-01-0-1-789d93d140-6.jpg 540 332 GROUPE IDEC GROUPE IDEC //www.groupeidec.com/wp-content/uploads/2018/03/Logo-Groupe-IDEC-320x140.png 16 September 2019 3 October 2023

FAUBOURG PROMOTION, the business property planner and developer in the IDEC GROUP, has just completed the sale of a logistics project near Paris to the investor, PGIM REAL ESTATE via the intermediary of SOROVIM. This brand new development covering 31,000 m² will be built in Servon (Seine-et-Marne) split into five storage units. The building contract has been awarded to IDEC, the subsidiary of the IDEC GROUP that specialises in logistics property.

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.