Melcombe Partners, a leader in European logistics real estate and an expert in last-mile logistics investments, has recently closed the acquisition of Peripark Gennevilliers, a modern logistics park situated in Paris' premier industrial area. This acquisition bolsters Melcombe’s activities by adding over 40,000 sqm of prime lettable space and reinforces their stronghold in one of Europe's most dynamic urban logistics markets.
Located just 3 km from Paris's first ring road, Peripark Gennevilliers consists of six modern buildings with direct access to key transportation routes, ensuring optimal connectivity within Greater Paris. The property fundamentals, including the latest French ICPE and BREEAM certifications, underscores their commitment to sustainability and operational excellence. Furthermore, the site offers significant asset management potential given the current rental situation and the constrained supply dynamics of modern urban logistics space in prime locations around Paris.
Jamal Dutheil, Managing Director at Melcombe Partners, said: “This addition to our portfolio aligns with our strategy of securing prime logistics assets in Europe’s major urban centers. Peripark Gennevilliers is a strong example of Melcombe’s ability to continue to acquire appropriate logistics assets in a volatile market environment and we look forward to continuing our growth across Europe’s established logistics markets.”
Melcombe manages over 70 assets, encompassing more than 600,000 sqm of last-mile logistics space in and around major urban locations including London, Paris, Lyon, Barcelona, Berlin, Munich and Amsterdam. With senior teams on the ground in all core Western European markets, Melcombe benefits from deep local expertise. Over the past year Melcombe has been particularly active in France, having completed over 8 acquisitions and 3 best in class developments further establishing itself as a leader in this key European market.