RE Capital acquired this industrial site on sale and lease back basis and have unlocked the full development potential of the site and increased the underwritten construction area by 50%.

Tradition

Location:Switzerland
Sector:Office, Light Industrial, Logistics
Size:501,780 sq ft/46,617 sq m
Acquired:February 2019
Strategy

Acquisition of an under-utilised industrial site on a partial sale and lease-back basis. After negotiation with the tenant of an early lease termination, full development potential unlocked.

Highly sought after industrial and logistics area. Planning consent in progress to construct a state-of-the-art mixed-use logistics, cold storage, light industrial and office sizeable project. Due for completion in Q4 2023.