Valfondo makes the leap to France. The Aragonese firm specialized in the development and management of logistics warehouses has signed its first solo international project, to which it will allocate an investment of 67 million euros.
The company, which is currently a partner of Bankinter in Montepino, the largest logistics SOCIMI in the Iberian Peninsula, thus begins its international expansion and does so with the help of one of its clients. This is Action, the discount store chain of Dutch origin that is immersed in a powerful growth process. The ship that Valfondo will develop for Action will be the largest of the firm in Francewhere it already has 800 stores, and with its 99,430 square meterswill also enter directly into the top 5 of great developments of the Spanish firm.
Specifically, Valfondo has closed the purchase of a 191,500 square meter land in Valenciennes (France) where it will build custom-made facilities for Action, since this is the formula that the company always uses through turnkey projects. At the moment is working on finding bank financing for the project and later, They do not rule out bringing in a financial partner in this operation nor in future ones, as they have done until now, with agreements such as CBRE or Bankinter, although they are not currently in any process for this.
Under the turnkey model, Valfondo will cross borders and grow its international business. In fact, the company already has demands from its clients to continue growing in both France and Portugal (where it is already present through Montepino) and to make the leap to Germany.
In total, as Valfondo sources explain to elEconomista.es, is looking for soil to build projects for their clients that would add a GLA (gross leasable area) of 350,000 square meters. Of these, 100,000 would be distributed between Lisbon and Porto, another 100,000 in Germany and 150,000 in France in logistics hubs such as Lyon or Paris.
Largest development in France
The ship that is going to be developed for Action It is also located in a very strategic area of the French country, being one of the most relevant logistics hubs in Central EuropeIn fact, it will allow Action to distribute its products in the north of France, as well as facilitate its operations in the Benelux region.
The platform promoted by the company will be the largest to be developed in France in 2025 and in addition to the logistics facilities, it will have 400 parking spaces for cars and truck parking.
The company plans to begin construction of the asset next January and estimates that the works will take place for around a year, so Delivery could occur in the first quarter of 2026.
The platform will be developed in accordance with the most demanding standards in terms of sustainability and its design and construction are aimed at achieving the BREEAM Excellent certification, the most important for an asset of this category. Along these lines, the asset will have solar panels to promote energy self-sufficiency.
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