Finance Net Leasing
Sept 4, 2008
By: Judy Feldman, Contributing Correspondent
ProLogis has announced that it will build a new, 475,000-square-foot industrial warehouse near Paris for C&A France, the French subsidiary of international clothing retailer C&A.
The facility will be developed southeast of the capital in the city of Presles. C&A will use the space as a regional distribution center, distributing various lines of apparel to its network of retail stores throughout northern and central France. Construction on the building, which will eventually be rail-served, is scheduled to begin in the second half of 2008.
While the French industrial property market is still good for build-to-suit development, according to Prologis' Ranald Hahn, managing director for southern Europe, it is getting tougher to find large, strategically located, rail-served sites in the greater Paris area.
Prologis recently completed development of a 215,000-square-foot facility for the same firm in Slovakia. In addition to the C&A facility, ProLogis controls land at the site that can be used to expand the building another 129,000 square feet. ProLogis also is pursuing entitlements for a 134-acre parcel of land nearby to support a second rail-served distribution park that could comprise up to 1.6 million square feet of space at full build-out.
C&A is one of the leading fashion retail companies in Europe. It opened its first store in the Netherlands in 1861 and today has more than 1,200 stores in Europe.
By: Judy Feldman, Contributing Correspondent
ProLogis has announced that it will build a new, 475,000-square-foot industrial warehouse near Paris for C&A France, the French subsidiary of international clothing retailer C&A.
The facility will be developed southeast of the capital in the city of Presles. C&A will use the space as a regional distribution center, distributing various lines of apparel to its network of retail stores throughout northern and central France. Construction on the building, which will eventually be rail-served, is scheduled to begin in the second half of 2008.
While the French industrial property market is still good for build-to-suit development, according to Prologis' Ranald Hahn, managing director for southern Europe, it is getting tougher to find large, strategically located, rail-served sites in the greater Paris area.
Prologis recently completed development of a 215,000-square-foot facility for the same firm in Slovakia. In addition to the C&A facility, ProLogis controls land at the site that can be used to expand the building another 129,000 square feet. ProLogis also is pursuing entitlements for a 134-acre parcel of land nearby to support a second rail-served distribution park that could comprise up to 1.6 million square feet of space at full build-out.
C&A is one of the leading fashion retail companies in Europe. It opened its first store in the Netherlands in 1861 and today has more than 1,200 stores in Europe.
Recent Net Leasing Headlines
Jan. 06, 2009
Jan. 05, 2009
Dec. 24, 2008
Dec. 23, 2008
Dec. 23, 2008
Subscribe to this blog's feed
