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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SEGRO plc    SGRO   GB00B5ZN1N88

SEGRO PLC

(SGRO)
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SEGRO : to deliver a pioneering underground logistics hub in Central Paris

09/24/2020 | 02:10am EST

SEGRO to deliver a pioneering underground logistics hub in Central Paris

24 September 2020

SEGRO and Icade, one of France's leading commercial developers, have signed preliminary agreements to acquire land for the redevelopment of the Gobelins rail station, in the 13th district of Paris.

This is a significant milestone in the delivery of the Reprendre Racines ('Back to our Roots') project, SEGRO and Icade's development masterplan selected by French national rail company SNCF and City of Paris as part of the Reinventing Paris 2 competition.

The masterplan has been designed in collaboration with architectural and urban design firms Data Architectes and Anyoji Beltrando and landscape design firm Wagon Landscaping and will include a mix of office space, logistics space and public realm.

The scheme, which is scheduled to complete by 2025, will deliver a mix of commercial uses above and below ground in a city where developable space is limited.

SEGRO will develop a 75,000 sq.m underground logistics centre intended for urban distribution and last-mile delivery. The hub will be developed to high environmental and wellness standards, including charging infrastructure for electric vehicles and delivery tricycles as well as recycling points and a bike repair centre.

Icade will deliver two office buildings totalling around 14,000 sq.m, providing workspaces to both local start-ups and more established companies in the Paris region. There will be dedicated sport facilities, including climbing facilities and basketball courts, urban greenhouses and a 1.3 hectare garden on the Olympiades esplanade.

Laurence Giard, General Manager for France, SEGRO, said:

'This is a significant milestone as we advance a pioneering underground logistics scheme at Gobelins former railway station.

'The growth in ecommerce is driving demand for logistics space in major urban centres, where land for development is a scarce resource. The underground logistics hub proposed at Gobelins railway station is a new and innovative model for delivering logistics space at scale in one of Europe's most densely populated cities, within a brand new world-class mixed-use destination.

'We look forward to working with our partners Icade, SNCF, City of Paris and the local community to bring these exciting plans forward.'

For more information please contact:

Lizzie Humphreys, External Communications Manager, SEGRO
lizzie.humphreys@segro.com

ABOUT SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

About Icade

As an investor and a developer, Icade is an integrated real estate player that designs innovative real estate products and services adapted to new urban lifestyles and habits.

By placing corporate social responsibility and innovation at the core of its strategy, Icade is closely involved with stakeholders and users in the cities-local authorities and communities, companies and employees, institutions and associations.

As an office and healthcare property investor (portfolio value of €11.5bn as of 12/31/19 on a proportionate consolidation basis) and as a property developer (2019 economic revenues of nearly €1bn), Icade has been able to reinvent the real estate business and foster the emergence of tomorrow's greener, smarter and more responsible cities.

Icade is a significant player in the Greater Paris area and major French cities. Icade is listed on Euronext Paris as a French Listed Real Estate Investment Company (société d'investissement immobilier cotée, SIIC). Its leading shareholder is the Caisse des dépôts Group.

About SNCF Immobiler

SNCF Immobilier is a division of SNCF, France's national railway company.

It is responsible for the following activities in support of the Group's five companies: managing office facilities; managing and optimising the real estate used in the course of the Group's operations; developing and optimising the value of land and real estate not needed for the railway system-in particular through its urban and property development subsidiary Espaces Ferroviaires-and providing housing and social housing solutions through its subsidiary ICF Habitat and its portfolio of 90,000 housing units (95% set aside for social housing).

SNCF Immobilier has seven regional real estate divisions working alongside local partners throughout France.

Key figures:

• 8.2 million sq.m of industrial, office and social housing space. State-owned railway group with a total of 12.5 million sq.m.
• 20,000 hectares, including 3,000 available for immediate development.
• 90,000 housing units, with 95% set aside for social housing. An average 2,000 housing units built or acquired every year.
• Over 2,800 employees, including 1,560 at ICF Habitat.

Back to 2020

Disclaimer

SEGRO plc published this content on 24 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2020 06:09:10 UTC


© Publicnow 2020
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