Paris, 11 January 2018 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, today announces the acquisition of a 13,673 sq m (147,175 sq ft) warehouse in Compans, Seine-et-Marne from ADVEO for €8,000,000.
The building, which is occupied by ADVEO, the European leader in office equipment, school supplies and equipment, is located in the ZAC Compans Le Parc in Seine-et-Marne. The site’s prime location, near Roissy-Charles de Gaulle airport and a number of major highways including the A1, N2 and N3, gives ADVEO unparalleled access to key transport hubs and proximity to Paris.
This is the first acquisition for Gazeley in France since its acquisition by the leading global provider of logistics solutions, GLP, last December.
Fabrice Cervoni, General Manager, Southern Europe of Gazeley: “This strategic acquisition further strengthens our portfolio of high-quality logistics assets in France. The site has excellent transport links with proximity to major transport networks and Paris. We look forward to working with ADVEO.”