AAM picks up logistics centres for EUR 40 mln

By A staff reporter 2007-01-19T00:00:00+00:00

Aaeral Asset Management (AAM) has acquired two logistics centres on behalf of its Aareal EuroLogistics Fund for EUR 40 mln. The properties cover respectively 12,500m[sup]2[/sup] and 41,000m[sup]2[/sup] and are located in Born, southern Netherlands. The centres let on long-lease leases to office-product maker Acco Brands Corporation, high-performance material supplier Saint Gobain and Seacon Logistics. Real estate advisor DTZ Zadelhoff acted for the buyer.

Aaeral Asset Management (AAM) has acquired two logistics centres on behalf of its Aareal EuroLogistics Fund for EUR 40 mln. The properties cover respectively 12,500m² and 41,000m² and are located in Born, southern Netherlands. The centres let on long-lease leases to office-product maker Acco Brands Corporation, high-performance material supplier Saint Gobain and Seacon Logistics. Real estate advisor DTZ Zadelhoff acted for the buyer.