Logistics real estate is a type of property rarely covered in the existing literature on the financialisation of property markets. The emergence of specialised international real estate firms, which act as developers, investors and property fund managers, means that the logistics real estate industry has taken a unique financialisation path. The present article explains the specific features of the financialisation of the logistics real estate industry and contributes to the understanding of the financialisation of outer-suburban governance. Based on a qualitative analysis of the European logistics real estate market and case studies conducted in the Greater Paris region, the article combines an analysis of the sociotechnical mediations of financial circuits in the logistics built environment with the study of emerging local public–private coalitions formed to develop logistics zones. As such, it will be seen that the domination of integrated global firms in logistics real estate depends on their capacity to form local coalitions.

物流房地产是一种在现有的关于房地产市场金融化的文献中很少涉及的财产。作为开发商、投资者和物业基金管理人的专业化国际房地产公司的出现，意味着物流地产行业走出了一条独特的金融化道路。本文阐述了物流地产行业金融化的具体特征，有助于理解外郊治理金融化。基于对欧洲物流房地产市场的定性分析和在大巴黎地区进行的案例研究，本文结合了对物流建筑环境中金融回路的社会技术中介的分析，以及为发展物流区而形成的新兴地方公私联盟的研究。因此，可以看出，综合性全球公司在物流房地产领域的主导地位取决于它们组建当地联盟的能力。