The distribution warehouse was built in 2009, and is occupied on a long-term lease agreement by furniture retailer Goossens Meubelen. The building is integral to the tenant’s supply chain with all customer deliveries originating from this building.

'Dutch logistics is a sector that we expect to continue to deliver compelling returns,' commented fund manager James Britton. 'The acquisition of this well specified asset is a great addition to the Standard Life Investments Global Real Estate Fund's portfolio, being both accretive to the fund's income yield and average lease length.'

The vendor was represented by TLF real estate, while Cushman & Wakefield acted for Standard Life Investments.

The acquisitions comes a week after the company announced plans to launch a new UK-listed logistics investment trust next month.

The new company - Aberdeen Standard European Logistics Income - aims to raise £250 mln (€278 mln) in an Initial Placing on the London stock exchange.

The trust will be managed by Evert Castelein from Aberdeen Standard’s Amsterdam office and will invest in European logistic properties such as large ‘big box’ ultra-modern warehouses and local ‘last mile’ distribution centres.

Aberdeen Standard Investments' Continental European actitives are led by Andrew Creighton, head of real estate continental Europe (pictured).

______________________________________

 

Come to this time-efficient briefing, hear the views of market experts and get to ask your own questions.

Attendance is free but places are strictly limited. Please register now to guarantee your place