Sidra Capital, a leading global Alternative Asset Management firm is pleased to announce the acquisition of the Eurocap industrial and trade park, Calais, northern France. The property is positioned adjacent to the Eurotunnel rail terminus, in close proximity to the major French port, and with excellent connectivity to the motorway network.
The property comprises 800,00 sqft of space in 23 buildings and significant open yard storage on a 130-acre site providing a wide range of property options for occupiers, including logistics, light industrial, storage, trade park, and small business office space. There are currently over 60 tenants in occupation at the property.
Eurocap benefits from excellent connectivity due to its close proximity to the Channel Tunnel and easy access to the A26/A16 motorways which provides a gateway to France, Benelux, and the extensive European motorway network.
The objective of the investment is to deliver a robust cash yield while upgrading the existing buildings to improve environmental sustainability and attractiveness for potential tenants while exploring opportunities to create additional space by developing on unbuilt land
Sidra Capital has partnered with BECI, a local property firm renowned for its extensive experience in managing the property.
Sidra Capital Chairman Hani Baothman commented, “We are delighted to have completed the acquisition of the Eurocap industrial park. With a track record of attracting and retaining a diverse tenant base the project is set to provide a high yield to our investors while benefitting from medium and long term value add opportunities. We continue to seek more investments across continental Europe”
Sidra Capital remains dedicated to expanding its investment interests across continental Europe and is actively seeking similar promising opportunities to further bolster its portfolio.
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