Europa Capital has bought a second Dutch logistics asset for its core diversified income strategy.

The pan-European property investment manager said it has bought the 51,502sqm warehouse in Oss, The Netherlands, from a private seller for €28.3m.

The property is fully leased to XPO Logistics.

The latest acquisition follows the recent acquisition of a 21,054sqm logistics facility in Tilburg, and takes Europa Capital’s core diversified income portfolio to four assets in France, Germany and the Netherlands.

The manager’s core diversified income investment strategy - which is seeded with capital from its parent company Mitsubishi Estate - now has a combined portfolio value of more than €180m.

James Farmer, the transaction director at Europa Capital for core products, said: “This investment offers an excellent income return, especially when considering the strength of the occupational market in the logistics sector in the Netherlands at present, which is underpinned by the rise of e-commerce and changing consumer habits.

“We continue to progress a pipeline of opportunities targeting further acquisitions in the office, logistics and residential sectors in our key country markets.”

Andy Watson, a partner at Europa Capital, said: “The purchase of the XPO building in Oss reinforces our recent acquisition in Tilburg further growing our exposure to the Dutch logistics sector where we see strong relative value as well as future potential for long term growth.”