Les Docks de Saint Ouen, Paris
Les Docks de Saint Ouen is a 73,619 sq m light industrial park with ancillary office space, easily accessible and located just 800 metres from the important access gateway into Paris, Porte de Saint Ouen.
The asset forms part of the European High Income fund which is invested in multi-let light industrial assets in France, Germany, Denmark and the Netherlands.
The asset is located in the heart of a 100 hectare regeneration site in Le Grand Paris, Ile de France. Extensive new office and residential development is being undertaken in the area and infrastructure improved, with the extension of the public transport Metro Line 14 expected to complete during 2019.
Capitalising on the strong level of interest in the area as a result of the regeneration investment, the French asset management team has increased occupancy of the asset by 10% during a 10 month period and it is predicted that this will continue to prove popular given the ongoing transformation of the area.