Savills Investment has announced the speculative forward funding of a multi-let light industrial estate in La Queue-en-Brie, Greater Paris.
The acquisition, completed on behalf of the European Urban Logistics and Industrial Fund (EULIF), is part of Savills IM’s strategy to invest in sustainable, modern industrial assets in the urban conurbations across Europe where rental growth will be strongest.
The 19,451-square-meter (209,369-square-foot) development, on a site of approximately 44,000 square meters (473,612 square feet), is being developed by Stonehedge, a French light industrial and logistics developer, and is expected to be completed in fourth quarter 2025. The development, located near La Francilienne (Paris’ third ring-road), will feature four buildings divisible into up to 22 units, ranging from 370 square meters (3,983 square feet) to 1,800 square meters (19,375 square feet). These units are designed to be divisible, offering maximum leasing flexibility
