Ivanhoé Cambridge acquires a development project near Lille, further expanding its Hub & Flow logistics platform

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Ivanhoé Cambridge today announced the acquisition, from Nacarat, of a new speculative logistics development project in Lambres-lez-Douai, south of Lille. The Hauts-de-France region is the second-largest logistics region in France, behind Île-de-France. The 57,700 m² site is ideally located within the Hermitage activity zone, enjoying strategic positioning in a premium logistics area at the intersection of the country’s strategic north-south and east-west corridors, autoroutes A1 and A21. Ivanhoé Cambridge intends to develop approximately 28,500 m² of next-generation (Class A) logistics spaces on the site and will target stringent sustainability certification (BREEAM Excellent). Construction is to begin in January 2024 with a planned delivery date in the first quarter of 2025. With this transaction, the total area of the Hub & Flow logistics portfolio in Europe now stands at 384,000 m², concentrated in premium locations and meeting the highest technical standards. For more details, read the complete news release on Ivanhoé Cambridge's website.