European logistics parks company CTP has agreed to buy Amsterdam Logistic Cityhub (ALC) in a €307m deal, a transaction that represents the largest single-asset logistics real estate deal in the Netherlands.
The multi-tenant 120,000sqm storage and last mile, multi-layer distribution asset in the Western Docklands of Amsterdam, currently being constructed, includes 11,000sqm of office space.
The listed industrial property developer said it will acquire ALC from entrepreneurs Wim Beelen and Paul Vermaat for a net transaction value of €307m.
Ralph de Munnik a director at CTP Netherlands, said: “We are extremely proud to have been able to conclude this agreement and look forward to an intensive cooperation with the City of Amsterdam and Port of Amsterdam.
”The Amsterdam Logistic Cityhub is an absolute pioneer in the field of ‘last mile’ logistics solutions to relieve busy city centres. There’s a strong demand for such logistics business space in the Amsterdam region and we expect this demand to only increase.”
Beelen, said: “The vision for Amsterdam Logistic Cityhub has always been strong. This transaction confirms CTP’s confidence in the concept and in the developments of the logistics market in the Amsterdam region.
”With ALC, we have created a new perspective on inner-city logistics; the hub sets the tone for the future of the industry and contributes to an emission-free inner city.”
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