Aviva Investors has bought two logistics assets in the Netherlands from Delin Property for an undisclosed sum.
The asset manager said it bought assets, which together total 61,463sqm, located in Tilburg-Waalwijk and Waddinxveen.
The Waddinxveen asset, built in 2011, comprises 44,143sqm of logistics space and is leased to a logistics service provider focused on food, beverages and retail.
The 17,320sqm Tilburg-Waalwijk asset was constructed in 2014 and is currently leased to a developer and supplier of mechanical-packaging technologies and systems.
Daniel McHugh, managing director, real estate, Aviva Investors, said: “The Netherlands is one of Europe’s most established logistics locations and we are delighted to build our presence in such a significant market.
”Both facilities align well to our pan-European real estate investment strategy, occupying prime locations for distribution at both a national and international level.”
Tijs Derison, MD Benelux of Delin Property, said: “Delin will look to recycle the proceeds from this transaction in order to grow our portfolio in The Netherlands further, in line with our strategy.
“We congratulate Aviva Investors with the acquisition of these two high-quality buildings located in two well-established logistics hotspots in the Netherlands.”