CBRE acquires logistics portfolio in the Netherlands
CBRE Global Investors acquired eight logistics warehouses in The Netherlands. The vendor was Somerset Capital Partners.
The portfolio consists of approximately 260,000 sq m high quality assets located in well-established logistics centres in The Netherlands. It includes one standing asset located in Wijchen and seven developments located in logistic hotspots, such as Schiphol, Utrecht and Nieuwegein. The portfolio is 80% pre-let to well-known tenants such as Mainfreight, Picnic and All 4 U.
Jaap Snellen, head of Asset Management Logistics, The Netherlands, CBRE Global Investors: “This portfolio provides a perfect fit with our client’s investment criteria – a unique opportunity to invest in high quality logistics in a very sizeable transaction in the Dutch market.
We have substantially increased our logistics platform in the Netherlands over the past year and now have approximately 530,000 sq m of logistics over 15 properties. We continue to search for similarly attractive investments for our clients. Prime logistics assets are a key sector for us in the Netherlands.”