The development project is located in the prime northern logistics submarket of Bordeaux, just next to the port and the city centre, which is mainly used for last-mile distribution. This value-add investment was done with pre-leasing to a major French logistics operator during the construction phase at leasing conditions which were above the underwriting assumptions.
![France Bassens Bordeaux](https://www.columbiathreadneedle.co.uk/uploads/2022/12/9448e5391b4872044081bfe5138f1288/properties_france-bassens-bordeaux-1920x500-1-1024x267.jpg)