France: AB InBev Signs 9-Year Lease Agreement For 62,000 sqm Warehouse

AB InBev France has taken a strategic step towards consolidating its supply chain across Europe by signing a 9-year lease agreement with Castignac, Brookfield's French logistics platform, for warehousing space at Europe's largest logistics park project, the e-Valleye-logistics park in Northern France. Brookfield is a Canadian multinational companythat is one of the world's largest alternative investment management companies, with over USD 725 billion of assets under management in 2022. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity.

The 62,000 sqm warehouse, part of the 724,000 sqm logistics assets managed by Castignac on behalf of Brookfield, will play a crucial role in optimizing wholesale and retail distribution flows for AB InBev France. Working closely with their 3PL provider, ID Logistics, AB InBev aims to leverage the expanded space to store its diverse range of beer products and enhance overall supply chain efficiencies.

E-Valley is an ambitious project to reconvert the former Cambrai airbase, in the Hauts-de-France region, into an e-logistics park dedicated to the e-commerce and hybrid business. With 550,000 sqm of warehouses, up to 85,000 sqm of service area and 300,000 sqm of land reserves this e-logistics platform serves a new prime hub logistic hub in Europe benefiting from an optimal and accessible geographical location thanks to a multimodal platform.

With over 60% of the current capacity filled due to increasing demand from large tenants like AB InBev, the platform is set to expand, reaching a total build space of 410,000 sqm by the end of the next year.

AB InBev does not operate a production site in France. According to its own website, the company employs 279 people in its local headquarter in Lille. The portfolio of brands include mainly its Belgian brands Leffe, Hoegaarden, Tripel Karmeliet but also international brands like Bud, Corona and Cubanisto.

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