Prologis Signs 71,000 Square Metre Build-to-Suit Agreement with Action in Paris
PARIS, (29 September 2015) - Prologis, the global leader in industrial real estate, today announced it has signed a 71,000 square metre build-to-suit agreement near Paris with Action, a Dutch fast-growing non-food discount retailer.
The facility will be part of Prologis Park Moissy 2 located at the centre of a triangle south east of Paris, formed by the ring-road, La Francilienne, and the A5a and A5b road networks, which facilitate travel around Paris. The project will take place in two phases, resulting in 12 units, eight of which will have cross docking capabilities.
The facility will be Action’s first distribution centre outside the Netherlands and will serve more than 150 stores in France. Action, which sells more than 5000 products in its 579 stores, plans to accelerate its openings in France.
This project is part of a wider development as in the long term the building will be composed of 16 units totaling 96 000 square metres industrial space.
“We were looking for a national logistics platform in France that was able to support our growth plan,” said Vincent Bröring, Supply Chain Director, Action. “Prologis is meeting our tight deadline with a modern, well-located, and customized facility.”
Prologis Park Moissy 2 will total 230,000 square metres of sustainable logistics facilities at full build-out.
“We are pleased to welcome Action as a customer and support the company’s expansion outside the Netherlands with their first logistics facility in France,” said François Rispe, regional head, Prologis Southern Europe. “ Action’s trust in Prologis reinforces the quality of our assets and the professionalism and expertise of our teams in being able to meet our customers’ needs within a short time frame.”
Diagma acted as council for Action.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 64 million square meters in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfillment.
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Prologis : Nathalie Triolet, Tél : +33 1 48 14 54 51, [email protected], Paris
Agence Dehais : Michelle Kamar, Tél : +33 1 53 53 36 84, [email protected], Paris