Europa adds 29,000sqm portfolio to new Dutch light-industrial platform
On behalf of the Dutch Light-Industrial Platform (DULIP), the companies have bought the six buildings from Looije Properties for an undisclosed sum.
The properties – situated close to urban locations, including Dordrecht, Berkel en Rodenrijs, Heijningen, Zwijndrecht and Venlo – are 97% leased.
The companies said the acquisition increases the number of assets in DULIP to 26, growing the platform’s managed assets to over €50m.
James Fortescue, partner at Europa Capital, said: “Since the end of March, we have deployed a significant amount of capital to create an attractive portfolio focussed on both light industrial and “last mile” distribution properties within the Netherlands.
“This latest acquisition is strongly aligned to DULIP’s investment strategy and presents an opportunity to leverage our asset management expertise to improve the rental income. We remain focused on growing the Platform further across the Netherlands, as well as exploring similar investment opportunities in Germany.”
Olle van Alphen, managing partner at ARC Real Estate Partners, said: “With this acquisition we have further grown the DULIP portfolio’s weighting into the wider Rotterdam area.
“We continue to see opportunities to improve market rental levels, as demand for light industrial space increases and available supply diminishes.”