HIH Invest Real Estate has acquired a 2,500sqm asset in the Netherlands on behalf of its open-ended logistics fund Deutschland+ Core Logistik Invest.

The manager has invested an undisclosed sum to buy the newly built property from Trajanus Vastgoed.

The property, located at Liebrugweg 3 in 1165AD Halfweg in the Polanenpark business park, comprises about 2,000sqm logistics of space and 500sqm of office space.

The transaction represents the second acquisition on the behalf of Deutschland+ Core Logistik Invest, a fund with target volume of at least €500m, HIH Invest said, adding that the fund is expected to target assets in Germany, the Netherlands, France and Austria.

Jeff Dijkstra, real estate manager at HIH Invest Benelux, said: “Including sustainable properties in major European logistics destinations as a strategic add-on is one of the distinguishing features of our new fund.

“By completing this transaction in the Netherlands, we managed to combine the acquisition of an ESG-compliant property with geographic diversification.”

Felix Meyen, managing director at HIH Invest, said: “The purchased property is defined by a peri-urban location with very convenient access via the A200 and A9 motorways, which ensures you reach the city of Haarlem within ten minutes and Amsterdam within 25 minutes.

“In addition, the sustainability requirements of the Polanenpark business park meet the equally strict specifications of our fund to acquire sustainable assets with alternative use potential that will retain their market significance in future.”

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