Europa Capital has expanded its core diversified income assets in Europe with the acquisition of a Dutch logistics asset.
The pan-European real estate investment manager said it has bought the fully-let 12,145sqm logistics warehouse near Eindhoven Airport from a private seller.
Europa said the latest deal is the manager’s third logistics acquisition in the Netherlands in the last 12 months on behalf of its core diversified income strategy, which is seeded with capital from its principal shareholder, Mitsubishi Estate, and now has a combined value of over €200m.
The core diversified income portfolio is now made up of five assets across France, Germany and the Netherlands.
The logistics and residential sectors remain the main focus of the investment strategy, which has an initial investment target of €500m, the manager said.
Andy Watson, partner and fund manager at Europa Capital, said: “This is the fifth investment for our core diversified income strategy and the third property in the logistics market in the Netherlands, where we believe that strong occupational dynamics and increasing investor liquidity will benefit investors.”