en.Wedoany.com Reported - The Cadences project, jointly developed by developer Virtuo and CBRE Investment Management, has officially entered the construction phase on the banks of the Seine in Bessancourt, Val-d'Oise, France. Covering 3.8 hectares with a total gross floor area of 36,000 square meters, the project is planned as a three-story space integrating logistics, parcel delivery, and business activities. Demolition of old buildings was completed by the end of 2025, and contractor GSE is advancing the work, having erected the first pillar and completed the initial ramp section in May this year. This ramp will allow heavy trucks to access three drive-through parcel transit units (nearly 8,000 sqm) on the R+1 floor, while enabling vans and trucks under 19 tons to serve the R+2 floor and its 10 spaces for small and medium-sized enterprises (nearly 12,000 sqm). The three logistics units on the ground floor (RDC) cover 15,100 sqm, and the entire project has obtained ICPE (Classified Environmental Protection Facility) permits.
The project is expected to be delivered in the second quarter of 2027. Virtuo initiated this project six years ago, leveraging its expertise in multi-story logistics projects, and selected this site in the densely populated Île-de-France region. The company previously collaborated with Vailog and Segro on the Air² R+1 project in Gennevilliers Port, and built two ultra-large fulfillment centers with R+2 and R+3 floors for Amazon in Brétigny-sur-Orge and Aulnay. Designed by Aeco Architects, the project aims to address land scarcity, new building shortages, growing demand, and environmental challenges, and has achieved Breeam Outstanding certification—Virtuo's first such certification. Virtuo President Grégory Blouin stated that given the project's mixed-use nature, the mayor of Bessancourt is interested in reintroducing "blue-collar" employment to the urban area, emphasizing the nearly 1:1 ratio of land area to leasable space.
Investor CBRE IM already holds a portfolio of multi-story logistics buildings in Japan and South Korea (including a nine-story, 250,000 sqm facility in Seoul), but this project will be its first of its kind in Europe; within Europe, this independent division of the CBRE Group ranks second in terms of park scale. The investment amount has not been disclosed, and this "comprehensive real estate vehicle" is valued at approximately €100 million. The two parties have previously collaborated on several logistics projects, launching this one on a "white box" basis, and are jointly conducting exclusive leasing with CBRE and BNP Paribas Real Estate.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
