Rationale and achievements
Opportunity to acquire a stabilized food anchored retail asset located in a strong retail area north of Dijon. Excellent access off the LINO (Dijon north ring road) a new road completed in 2013, which is expected to keep increasing the footfall of the asset.
The rents in-place are under the national averages and effort ratios are sustainable in this property which offers a strong cash-on-cash yield.
The possible opening of a complementary retail project adjacent to the asset in 2022 will further enhance the attractiveness of the area and strengthened the position of our asset.