Segro to develop last-mile logistics beneath Paris streets

UK REIT Segro, a logistics and industrial property specialist, is to develop a 75,000 sq m underground logistics centre as part of the redevelopment of the Gobelins rail station in central Paris.

The development will be a joint project with Paris-based developer Icade and also create two office buildings totalling around 14,000 sq m.

While the Segro portion of the scheme is aimed at the urban distribution and last-mile delivery market, the offices will create workspace both for local start-ups and more established companies. The project will also provide sports facilities, for climbing and basketball. Urban greenhouses and a 1.3-hectare garden on the Olympiades esplanade are also planned.

The project is scheduled to be complete in 2025.

Segro said in a statement that the logistics hub will be developed to high environmental and wellness standards. It will include charging infrastructure for electric vehicles and delivery tricycles as well as recycling points and a bike repair centre.

Project won as part of Reinventing Paris competition

SEGRO and Icade have signed preliminary agreements to acquire land for the redevelopment of the site, which is in the 13th district of Paris. Redevelopment of Gobelins rail station is part of the Reprendre Racines (Back to our Roots) project which is a masterplan devised by SEGRO and Icade and selected by France’s national rail company SNCF and the City of Paris as part of the Reinventing Paris 2 competition.

The masterplan team included architectural and urban design firms Data Architectes and Anyoji Beltrando and landscape design firm Wagon Landscaping.

“The growth in ecommerce is driving demand for logistics space in major urban centres, where land for development is a scarce resource,” Segro general manager for France Laurence Giard said.

“The underground logistics hub proposed at Gobelins railway station is a new and innovative model for delivering logistics space at scale in one of Europe’s most densely populated cities, within a brand new world-class mixed-use destination,” he added.