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10 December 2019

AG Real Estate France and PRD launch the construction of 90 000 m2 logistics platform

AG Real Estate France

Located in the municipalities of Sandouville and Saint Vigor d’Ymonville, to the east of the multimodal terminal, the Pont de Normandie Logistics Park 3 (known by the French abbreviation PLPN3) has reached an exciting milestone: AG Real Estate France and PRD, the investor and the developer of the operation respectively, are launching the construction of a 92 000 m2 platform.

Located in the municipalities of Sandouville and Saint Vigor d’Ymonville, to the east of the multimodal terminal, the Pont de Normandie Logistics Park 3 (known by the French abbreviation PLPN3) has reached an exciting milestone: AG Real Estate France and PRD, the investor and the developer of the operation respectively, are launching the construction of a 92 000 m2 platform.

The works will start on a latest generation building (Class A) in January 2020 with delivery scheduled in the beginning of 2021. It will be the largest logistics platform built in Le Havre and the most importance “speculative” such project launched in France. It will feature high quality and divisible premises to let. The construction will be carried out by PRD, the developer of the operation on behalf of AG Real Estate which is assuming the investment.

For AG Real Estate France, Thibault Delamain, general manager: “We are convinced that this unique building by the Seine waterway will meet the broadest needs of users thanks to its XXL size and the possibilities it offers in terms of massification and optimization with 12,000 m² nodes. For this operation, AG Real Estate confirms its capacity to position itself upstream from emblematic and structuring projects. By working with PRD, we are opting to offer buildings of extremely high quality, divisible for several users and labelled with the best standards on the market. This building will bolster our logistical position in France and enable us to maintain a 20% ratio of logistics assets in our French property portfolio which is worth €1.2 billion.”

For PRD, Romain Peyronie, general manager: We are particularly delighted with and proud of this operation. By launching the biggest speculative operation in France at the port of Le Havre, AG is restating it confidence in PRD (4th joint operation in 5 years) and PRD its loyalty to its big clients. This operation also enshrines Le Havre as a prime logistics location fully in line with PRD’s strategy.”

For Haropa – Port of Le Havre, Baptiste Maurant, general manager: “I am delighted with this first cooperation of the Port of Le Havre with AG REAL ESTATE and PRD. The project is a key step in the development of PLPN3 and confirms the interest of investors in logistics in Le Havre and the entire Seine waterway. The operation is right on pace with our investment programme of €600 million devoted to the development of our port which is investing, enlarging and adapting. I am thinking in particular of the refurbishment works on Docks 11 and 12 of Port 2000 thanks to which we will have 700 m of additional docks to bolster even more our capacity to accommodate the largest container ships in the world.”

We should bear in mind that as in the case of PLPN 1 and PLPN2, PLPN3 offers latest generation transhipment solutions in the immediate vicinity of the Multimodal Terminal, linked directly with the terminals of Port 2000, i.e. an expanse of 170 hectares, including 47 hectares for PLPN3. Some 700 people work for PLPN1 and 2 alone, and when the programme is finished, we will reach the 1500 job mark.

About PRD

PRD is a property development and construction company, specialized in logistics and industrial real estate. 3.7 million m² in 23 years make PRD the leader in its line of business. Its buildings are located on the prime sites constituted by the Lille Paris, Lyon Marseille axis but also sites in Toulouse, Bordeaux, Angers and Le Havre. PRD has already taken position on the same axis on plots of land that will enable it to proceed with future developments of 1 million m².

About AG Real Estate

AG Real Estate, a wholly-owned subsidiary of AG Insurance, is an integrated property operator active in Belgium, France, Luxembourg and on certain select European markets with expertise in different lines of business: Asset & Property Management, Development & Construction Management, PPP and real estate financing, as well as in Car Park Management through its subsidiary Interparking. A company active in urban real estate, AG Real Estate has more than 250 employees with varied profiles and areas of expertise.

With a portfolio of more than €6.5 billion under management for its own account and on behalf of third parties, AG Real Estate is endeavouring to provide a responsible response to new urban needs and to implement a sustainable development policy so as to make its projects even more meaningful.

AG Real Estate France is the French subsidiary of AG Real Estate, an acknowledged leader in the Belgian property market. On the French market, AG Real Estate France focuses on its core business of property development and investment in corporate real estate.

About HAROPA - Port of Le Havre

Enjoying an exceptional location on the west coast of Europe, HAROPA - Port of Le Havre, the #1 French port for foreign trade and the 5th ranking port on the North Europe range for container traffic, each year berths nearly 6,000 vessels including the largest container ships in the world. Accessible 24/7, it processes more than 70 million tons of goods each year and supplies nearly 40% of French crude oil imports. A member of HAROPA, the #1 French port system, alongside the ports of Rouen and Paris, Le Havre is a fast shipping outlet to every continent for the world's shipping lines with nearly 700 ports of call. One of the largest port complexes in Europe, HAROPA has nearly 500 hectares of land available or suitable for conversion along the Seine corridor. The port supports its customers in setting up and managing competitive and sustainable logistics systems to serve the largest consumer marketplace in Europe with some 25 million inhabitants.  For further information, please see: www.haropaports.com - Follow us on Twitter @Harpaports

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