DIC Asset has acquired an asset in the Netherlands on behalf of a core/core-plus logistics real estate fund.

Asset manager DIC said the fully-let 30,000sqm property in Oosterhout was acquired for the RLI-GEG Logistics & Light Industrial III, adding that the latest deal brings the fund up to its planned €400m target volume.

The RLI-GEG Logistics & Light Industrial III, which targets core/core-plus logistics real estate, also invests in light industrial and urban logistics properties in its main market Germany as well as some neighbouring European markets in Benelux and Austria.

Johannes von Mutius, the CIO of DIC, said: “As planned, we acquired another high-end property in one of the strongest prime logistics locations in the Netherlands on behalf of our investors, the logistics asset class being highly significant for us.

“Within a very short period of time, we took advantage of our network in the Dutch investment market, demonstrating our reliability, competence and creativity as a leading management platform for commercial real estate.”

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