Initial Lease Agreement by Intermarché
Initial lease agreement by the retailer Intermarché within the XXL logistics platform in Ablaincourt-Pressoir, in the Somme region (80), developed by FACTOR’INDUSTRY REAL ESTATE and STONEHEDGE on behalf of GLP.
The retailer Intermarché has signed a lease agreement with GLP covering an area of approximately 63,000 m² (representing two-thirds of the platform) within the XXL logistics platform, for which FACTOR’INDUSTRY REAL ESTATE (FIRE) and STONEHEDGE have combined their complementary expertise and shared values in the Terre de Picardie region.
With this initial lease agreement, the logistics platform of over 100,000 m², developed on a speculative basis by FIRE and STONEHEDGE, independent companies specializing in real estate development, planning, and investment with strong environmental and social value, on behalf of GLP, one of the largest global asset managers and business developers, is thus already pre-leased to nearly 70%.
"We are delighted that Intermarché has signed this agreement, which validates our decision to support FACTOR’INDUSTRY REAL ESTATE and STONEHEDGE as investors," adds Philippe Graziani, France Director, GLP.
An XXL Eco-Responsible Project
Developed with the Franc Architectures group, this real estate complex offers a contemporary and refined design and integrates high-quality workspaces to provide the best possible comfort for future users.
The building will feature state-of-the-art characteristics: Full LED lighting technology, BREEAM VERY GOOD certification, and the installation of an 8 MWp photovoltaic power plant, the largest ever built on a rooftop in France, which will supply green electricity to thousands of households.
A Lease Agreement Illustrating a Responsible Ethical Code
This new XXL platform, which today represents one of the major logistics sites in France, illustrates the continuous expertise and commitment of FIRE, STONEHEDGE, and GLP in favor of sustainable development.
According to Julien MONGOIN, co-founder of FIRE: "This project attracted Intermarché due to its strategic location in the heart of the Hauts de France region and its high architectural, landscape, and environmental quality. Beyond the expertise and know-how of FIRE and STONEHEDGE, it is the sharing of an ethical code focused on a more sustainable energy future that allowed us to design this large-scale project, as well as the constant attention paid to the comfort and safety of the building's future occupants," As part of this lease agreement, the parties were advised by Arthur Loyd Logistique. FIRE, STONEHEDGE, and GLP were advised by DLA PIPER and ARCHERS.
This logistics platform will be delivered during the first half of 2023. Several advanced negotiations are already underway concerning the leasing of the remaining areas, representing approximately 38,000 m².
About STONEHEDGE
STONEHEDGE develops and builds over 1 million m² of industrial, logistics, and business park buildings across the country. Thanks to its comprehensive mastery of financial, administrative, technical, and commercial aspects, STONEHEDGE provides tailor-made support, adapted to the specificities of each project. Through the certification of its programs, the creation of a construction charter, and the use of sustainable materials, STONEHEDGE continues to develop new standards focused on innovation and environmental performance.
About GLP
GLP is one of the largest global asset managers and business developers in the fields of logistics, infrastructure, renewable energy, and related technologies. Present in Brazil, China, Europe, India, Japan, the United States, and Vietnam, GLP manages over USD 120 billion in assets.
GLP is committed to a wide range of ESG commitments that protect shareholder interests, support employees, customers, and local communities. The European portfolio includes over 7.9 million m² in strategic logistics markets, leased to blue-chip clients such as Amazon, DHL, and GXO. GLP Europe also has land available for the development of an additional 4.3 million m².
To learn more: www.glp.com/global | eu.glp.com
Press Contacts
FACTOR’INDUSTRY REAL ESTATE: SL’INK Agency, Sandrine Lesperat | sandrine.lesperat@slink-agency.com | Tel. : +33 6 15 74 70 76
STONEHEDGE: contact@stonehedge.fr
GLP: RP by C&O Agency, Océanne TROVO | oceanne.trovo@rpbyco.com | Tel. : +33 6 84 99 74 65
