Edmond de Rothschild Real Estate Investment Management’s (REIM) European industrial fund has acquired three assets worth €29.8m in total and sold an asset for €7.2m in separate deals.
In Germany, the fund has acquired a fully-let logistics asset in Großmehring, Bavaria, from VIB Vermögen, while in Duiven, the Netherlands, it has completed a sale and leaseback deal with Mix Masters for a light industrial property.
The fund also acquired a multi-let, light industrial asset in St Denis – Pierrefitte, France.
Edmond de Rothschild REIM said the fund sold an asset in Eindhoven, Netherlands, allowing the proceeds to be re-invested in newer, more energy-efficient assets.
Theo Soeters, head of industry and logistics at Edmond de Rothschild REIM, said: “Logistics and light-industrial assets continue to benefit from themes such as re-shoring and the growth of e-commerce. These three acquisitions will bolster the portfolio’s ability to generate solid income and exposure to capital growth.
“The Eindhoven sale is testament to the team’s ability to drive value and successfully execute business plans. By recycling the capital into properties with a higher expected forward-looking return at an equal or lower anticipated risk level, the strategy continues to optimise the strength of its portfolio whilst ensuring future resilience.”
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