LaSalle Investment Management has acquired FedEx Alfortville, a cross-docking warehouse facility located in a prime urban logistics hub on the outskirts of Paris.
The asset was acquired on behalf of Encore+, LaSalle’s flagship pan-European fund, from SCPI Accimmo Pierre, managed by BNP Paribas REIM.
Built in 2002 for TNT (now FedEx) and spanning a net leasable area of more than 16,000 square meters (172,223 square feet), the facility provides the express delivery company with a strategic location that serves as a hub for last-mile logistics operations.
The property is located within the Val-de-Seine Park urban logistics hub, which has more than 70,000 square meters (753,474 square feet) of dedicated logistics space and is an established location hosting other notable market players such as DHL and Kuehne & Nagel. Sitting in the Greater Paris Region within the vicinity of the A86 motorway, the property is also near Orly Airport, which benefits from a cargo
