ProLogis Inks 475,000-SF Build-to-Suit Deal Near Paris
- Sep 04, 2008
ProLogis has announced that it will build a new, 475,000-square-foot industrial warehouse near Paris for C&A France, the French subsidiary of international clothing retailer C&A. The facility will be developed southeast of the capital in the city of Presles. C&A will use the space as a regional distribution center, distributing various lines of apparel to its network of retail stores throughout northern and central France. Construction on the building, which will eventually be rail-served, is scheduled to begin in the second half of 2008. While the French industrial property market is still good for build-to-suit development, according to Prologis’ Ranald Hahn, managing director for southern Europe, it is getting tougher to find large, strategically located, rail-served sites in the greater Paris area.Prologis recently completed development of a 215,000-square-foot facility for the same firm in Slovakia. In addition to the C&A facility, ProLogis controls land at the site that can be used to expand the building another 129,000 square feet. ProLogis also is pursuing entitlements for a 134-acre parcel of land nearby to support a second rail-served distribution park that could comprise up to 1.6 million square feet of space at full build-out. C&A is one of the leading fashion retail companies in Europe. It opened its first store in the Netherlands in 1861 and today has more than 1,200 stores in Europe.