Paris, November 30th, 2022 – The Intermarché chain has signed a lease with GLP for a floor area of approximately 63,000 SQM (i.e. two thirds of the platform) in the XXL logistics development in Ablaincourt-Pressoir for which FACTOR’INDUSTRY REAL ESTATE (‘FIRE’) and STONEHEDGE have combined their complementary knowledge and common values in the Terre de Picardie region.
With this first lease, the logistics platform of more than 100,000 SQM – developed speculatively by FIRE and STONEHEDGE, independent companies specialising in the development, planning and investment of real estate with a high environmental and social value, for GLP, the leading global investment manager and business builder in logistics, digital infrastructure, renewable energy and related technologies – is already nearly 70% pre-leased.
“We are delighted that Intermarché has signed this agreement, which validates our decision to support FACTOR’INDUSTRY REAL ESTATE and STONEHEDGE as investors,“ adds Philippe Graziani, Country Director France, GLP.
An XXL eco-responsible project that reimagines the traditional vision of buildings dedicated to logistics
Developed with the Franc Architectures group, this real estate complex offers a contemporary, uncluttered design and integrates high quality workspaces to provide the best possible comfort for future users. The building will benefit from cutting-edge features such as full LED lighting technology, BREEAM very good certification, and the installation of an 8 MWp photovoltaic plant, which will be the largest rooftop installation in France and will provide green electricity to thousands of homes.
A first lease that illustrates a shared responsible ethical code
This new XXL platform, which today represents one of the major logistics sites in France, illustrates the expertise and ongoing commitment of FIRE, STONEHEDGE and GLP to sustainable development.
Julien Mongoin, co-founder of FIRE, commented: “This project attracted Intermarché because of its strategic location in the heart of the Hauts de France region and its high architectural, landscape and environmental quality. In addition to the expertise and know-how of FIRE and STONEHEDGE, it was our shared ethical code focused on a more sustainable energy future which enabled us to design this large-scale project, as well as the constant attention paid to the comfort and safety of the building’s future occupants.”
The parties were advised in the lease by Arthur Loyd Logistique. FIRE, STONEHEDGE and GLP were advised by DLA and ARCHERS.
This logistics platform will be delivered in the first half of 2023. Several advanced negotiations are already underway regarding the lease of the remaining space, approximately 38,000 SQM.
About FACTOR’INDUSTRY REAL ESTATE
FACTOR’INDUSTRY REAL ESTATE is an independent company specialising in real estate development, planning and investment with high environmental and societal value. Founded by Julien Mongoin and Louis d’Arexy, a tandem of experts with a passion for peri-urban real estate and experience in investing, setting up and developing complex projects, FACTOR’INDUSTRY REAL ESTATE operates throughout France on behalf of industrialists, shippers, users and investors in the world of industry, logistics and business parks who are keen to build sustainably. With expert partners representing the entire real estate chain, FACTOR’ INDUSTRY REAL ESTATE has demonstrated its ability to generate rapid growth with a sustainable strategy. In two years, FACTOR’INDUSTRY REAL ESTATE has invested nearly €300 million on behalf of investors, manages more than €150 million of assets, and has more than 350,000 SQM of projects under development.
STONEHEDGE develops and builds over one million SQM of industrial and logistics buildings and business parks throughout France. Thanks to its global mastery of financial, administrative, technical and commercial aspects, STONEHEDGE and its multidisciplinary teams provide tailor-made support, adapted to the specificities of each project. Through the labelling of its programs, the creation of a construction charter and the use of sustainable materials, STONEHEDGE is pursuing the development of new standards based on innovation and environmental performance. STONEHEDGE’s vocation is to offer, through its programs, the guarantee of innovative constructions, which meet the new requirements of commercial property.
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allow us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than US$120 billion in assets under management in real estate and private equity. We are committed to a broad range of environmental, social and governance (ESG) commitments that elevate our business, protect the interest of our shareholders and investors, support our employees and customers and enhance our local communities. Learn more at glp.com/global Our European operating portfolio consists of more than 7.9 million SQM across the strategic logistic markets, which is leased to blue chip customers such as Amazon, DHL and GXO. In addition, GLP Europe has a prime land bank which allows for the development of an additional 4.3 million SQM. To learn more about our European operations, please go to eu.glp.com
Service Presse FACTOR’INDUSTRY REAL ESTATE
Agence SL’INK – Sandrine LESPERAT: +33 6 15 74 70 76 [email protected]
Service Presse STONEHEDGE
Service Presse GLP
Agence RP by C&O – Océanne TROVO: +33 6 84 99 74 65 – [email protected]