Cording Real Estate Group’s European industrial property fund has bought a fully-let 10,500sqm portfolio in the Netherlands.
The manager said Cording Euro Industrial Real Estate Fund, the open-ended core-plus, bought the two light industrial assets and a small logistics property for an undisclosed sum.
The light-industrial assets are located in Zwolle and Cuijk respectively and the small logistics asset is located in Utrecht.
René de Heus, head of investment Benelux at Cording Real Estate, said: “Due to their high quality, combined with their long lease terms and stable secured cash flows, this acquisition is in line with the fund’s initial portfolio strategy.
“We aim to acquire further industrial and logistics properties for the fund.”