CNP Assurances has acquired a real-estate complex dedicated to urban logistics covering 150,000 sq.m in Pantin (Seine-Saint-Denis).

Located at 110 bis avenue du Général Leclerc in Pantin, the complex is in an outstanding strategic location on the outskirts of Paris. Built in 1974, the three-storey structure was renovated in 2012 to comply with regulatory standards. It comprises 48 units, each covering 3,000 sq. m, with ramp access for heavy goods vehicles to levels 1 and 2.

In addition to being perfectly suited to last-mile logistics, the complex also serves as a hub for supplying businesses in Paris and the surrounding region. The building is fully occupied with some fourty tenants.

This latest investment is in line with CNP Assurances' diversification strategy, through which the Group is helping develop e-commerce in France.

Daniel Thébert, Head of Real Estate & Infrastructure Investments at CNP Assurances, said, “Pantin Logistique is an emblematic asset of exceptional size and perfectly located. It represents for CNP Assurances a first direct investment in the area of logistics and further diversifies the Group’s asset portfolio.”

Deal advisors:

Advising CNP Assurances for the acquisition of Pantin Logistique: AEW.

AEW was advised by Clifford Chance, JLL, Wargny Katz, PREJEAN, SNC Lavalin, Ramboll Environ and Elan.