HIH Invest Real Estate has acquired a 21,000sqm facility in the Netherlands on behalf of its open-ended logistics real estate fund.
The manager’s HIH Deutschland+ Core Logistik Invest fund has acquired the newly built asset at the Treeport business park in Rijsbergen from Dudok Real Estate and Bouwbedrijf Vrolijk for an undisclosed amount.
The asset comprises 18,454sqm of logistics, 857sqm office and 1,648sqm mezzanine space.
Maximilian Tappert, head of transaction management logistics, said: “The warehouse was constructed in line with the latest ESG standards for the logistics sector and is capable of operating carbon-neutral. Another perk is its high alternative use potential, as it can be split into several warehouse sections with a clear height of 12.2 metres.”
Andreas Strey, co-head of fund management and head of logistics, said: “Another factor that convinced us is the location. The innovative trading estate of Treeport places a premium on sustainability and has direct access to the A16/A58 motorways.
“This puts the cities of Rotterdam and Antwerp, and thus the major seaports as well as major metro regions in Continental Europe, within easy reach.”
HIH Deutschland+ Core Logistik Invest targets modern core logistics properties, aiming to accumulate a portfolio worth at least €500m.
Although Germany is the primary focus, approximately 30% of the fund’s capital will be allocated to neighboring countries: the Netherlands, France and Austria. The latest acquisition marks the sixth asset secured for HIH Deutschland+ Core Logistik Invest.
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