Located on the southern edge of the major French port city of Calais, the Property is adjacent to the Eurotunnel rail terminus and benefits from excellent connectivity to the A26 / A16 motorways which provide access to the rest of France, Benelux and the European motorway network. The Property provides c 800,000 sqft of logistics, light industrial, storage, trade park, and small business office space in 26 separate buildings with 350,000 sqft yard storage on a 130-acre site.
At acquisition, the Property is 88% leased to 59 tenants with a WAULT of 3.6 years. The strategy is to continue to lease the existing buildings, upgrade vacant buildings to improve environmental credentials and enhance their lettability, and explore potential uses for the empty land and develop a new masterplan for the entire site.