Savills Investment Management (Savills IM), the international real estate investment manager, has announced the speculative forward funding of a multi-let light industrial estate in La Queue-en-Brie, Greater Paris. The acquisition, completed on behalf of the European Urban Logistics and Industrial Fund (EULIF), is part of Savills IM’s strategy to invest in sustainable, modern industrial assets in the urban conurbations across Europe where rental growth will be strongest.
The 19,451 sqm development, on a site of approx. 44,000 sqm, is being developed by Stonehedge, a French light industrial and logistics developer and is expected to complete in Q4 2025. The development, located in close proximity to La Francilienne (Paris’s third ring-road), will feature four buildings divisible into up to 22 units, ranging from 370 sqm to 1,800 sqm. These units are designed to be divisible, offering maximum leasing flexibility and broad usability for third-party occupiers.
The development is targeting a BREEAM New Construction ‘Excellent’ certification and the ‘Biodivercity’ label, reflecting its strong sustainability credentials. Features include rooftop photovoltaic panels, motion and light sensor LED lighting and fossil-fuel free heating throughout, as well as electric vehicle charging points, aligning with EULIF’s commitment to sustainable investment and long-term value creation.