Cording Real Estate Group has acquired a 25,500sqm portfolio in the Netherlands for its open-ended core-plus European industrial fund.
The Cording Euro Industrial Real Estate Fund has bought the fully-let four light industrial assets and small logistics property in for an undisclosed sum, the manager announced today.
René de Heus, head of investment Benelux at Cording, said: “Due to their [the portfolio’s] high quality, combined with their long lease terms and stable secured cash flows, they form a perfect building block to the fund’s initial portfolio strategy.
“We aim to acquire further industrial properties for the fund.”
Cording launched its core-plus European industrial fund in April this year with an undisclosed equity commitment from Edmond de Rothschild and from a mandate managed by the multi-manager real estate team of Credit Suisse Asset Management.
The fund targets light industrial and small logistics properties.