With this transaction, Panattoni has secured a prime location for its latest redevelopment project. The complex comprises 49,000 sqm of logistics space, half of which is currently vacant, thus providing an opportunity for a two-phase development. The first phase will involve the demolition of the 24,000 sqm of vacant space unsuited to the needs of the users of the complex - 3PL, retailers and e-commerce players – followed by the delivery of a new, state-of-the-art and sustainable 30,000 sqm logistics centre in early 2024. Eventually, the entire site will be rebuilt, and two class A logistics buildings will be developed, each of which will offer 30,000 sqm.
“We are pursuing our strategy of acquiring assets at the end of their life-cycle – sites that have already been developed and have significant potential, in locations where the supply is limited,” explains Salvi Cals, the managing director of Panattoni France.
Panattoni, in line with its ‘Go Earthwise with Panattoni’ strategy and its environmental objectives, will employ sustainable solutions aimed at reducing the carbon footprint of the project. The active environmental approach that is to be taken will involve the optimisation of the built-up land, the installation of photovoltaic roof panels and a rainwater management system, as well as a commitment to biodiversity in partnership with the CIBI association and following the BiodiverCity® reference system. The aim is to achieve BREEAM certification at the ‘Very Good’ level for the project.
The Ormes site is in Pôle 45, an significant industrial and logistics hub just 11 km northwest of Orléans. This is a prime location in the region due to its immediate access to the A10 and A71 motorways along with the synergy provided by the companies that operate in Pôle 45.
For this transaction, the buyer was advised by Soizic Pérignon of the Noter law firm and Franck Poizat of BNP Paribas Real Estate, while the seller was advised by François Gauthier of the Lazaygues law firm.