Valor Real Estate Partners has committed €25 million ($29 million) to acquire a 20,000-square-meter (215,278-square-foot) site in Morangis, South Paris, to redevelop a state-of-the-art urban logistics scheme.
Acquired off-market from a worldwide leader in Tools and Outdoor, the site will be redeveloped into a 10,500-square-meter (113,021-square-foot) urban logistics scheme comprising a 9,000-square-meter (96,875-square-foot) facility divisible into three units, alongside a standalone 1,500-square-meter (16,146-square-foot) unit. Construction is scheduled to commence in May 2026, with practical completion targeted for second quarter 2027. The construction will be handled by CEMR, a general contractor who has work
