Deka Immobilien Acquires State-of-the-Art E-Fulfilment Centre in Paris Region

Deka Immobilien Acquires State-of-the-Art E-Fulfilment Centre in Paris Region

(IN BRIEF) Deka Immobilien has finalized the acquisition of a cutting-edge e-fulfilment center in the Paris region for approximately EUR 160 million. Developed by Gemfi, the newly constructed facility, named “Tailor,” spans 140,000 sqm and is strategically located in the bustling logistics market of Grand Paris Sud. The property, equipped with modern amenities and environmentally sustainable features, has been leased to Zalando SE, a leading European e-commerce platform, to serve as a central logistics hub for the region and adjacent markets. This acquisition marks Deka’s reentry into the French logistics market and underscores its commitment to strengthening its logistics portfolio within the Deka-ImmobilienEuropa open-ended property fund.

(PRESS RELEASE) FRANKFURT, 23-Feb-2024 — /EuropaWire/ — Deka Immobilien has acquired a newly built e-fulfillment center in the greater Paris area for around 160 million euros. Gemfi, a development company of the Gicram Group, built the building to meet the needs of the user and sold it to Deka. The new building will be included in the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.

The “Tailor” project in the ZAC du Tertre de Montereau, which was completed in February 2024, includes a rentable area of ​​more than 140,000 square meters as well as more than 1,200 car, more than 60 truck and more than 170 bicycle parking spaces. It is leased to Zalando SE, one of Europe’s leading online destinations for fashion and lifestyle. The e-commerce provider wants to supply customers in France and neighboring markets from the central logistics area, which is well connected to the motorway network.The new building is located in the largest European metropolitan region “Île-de-France” on the edge of the most active Paris logistics market “Grand Paris Sud”. The property is directly adjacent to a Colissimo distribution center (“La Poste”). The property is aiming for the British BREEAM quality seal for sustainable building with “Excellent”.

With this purchase, the management of Deka-Immobilien Europa is re-entering the French logistics market and is further expanding the logistics share of the overall portfolio.

About the Deca

DekaBank is the securities house of the savings banks and, together with its subsidiaries, forms the Deka Group. With total assets amounting to 370 billion euros (as of September 30, 2023) and around 5.5 million managed portfolios, it is one of the largest securities service providers and real estate asset managers in Germany. It gives private and institutional investors access to a wide range of investment products and services. DekaBank is firmly anchored in the savings bank finance group and tailors its portfolio of services entirely to the requirements of its owners and sales partners in the securities business.

The real estate business area brings together the Deka Group’s global real estate expertise. The capital management companies Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH manage and look after real estate assets of around 50 billion euros (as of December 31, 2023).

Media Contact:

Christian Pommee
Press spokesman
069 / 7147 – 7761
mailto:christian.pommee@deka.de

SOURCE: Deka