AMB expands logistics portfolio in Rotterdam Port

AMB Property Europe BV, the Dutch-based affiliate of the American AMB Property Corporation, has added more than 13,000 m² of distribution space to its holdings in Rotterdam Port. The transaction price for AMB Eemhaven Distribution Center 3 was not disclosed. The property is fully leased to a European logistics provider, and is located in the Distripark Eemhaven, which specialises primarily in the storage and distribution of high-quality products. DTZ Zadelhoff acted as the broker in this transaction.

The property is located at the southwest end of Distripark Eemhaven, close to AMB's existing assets, AMB Eemhaven Distribution Centers 1 & 2. It is easily accessible by the major highways connecting to the Rhine region of Germany; Amsterdam and The Hague; as well as Antwerp and the rest of Belgium.

'The Port of Rotterdam is Europe's largest logistic and industrial hub. With a total throughput of 9.7 million twenty-foot equivalent units (TEUs) in 2006, Rotterdam is the largest port in Europe and the seventh largest port worldwide in container volume. Being the gateway to a European market of 450 million consumers makes it a target market for AMB's European expansion,' commented Mo Barzegar, AMB's managing director, Europe.

AMB's portfolio of operating and development properties in the Netherlands totals about 215,000 m2, of which more than 66,400 m² is located in the Port of Rotterdam. AMB's Europe portfolio consists of some 905,000 m² of logistics and distribution properties, both operating and under development in Belgium, France, Germany, Italy, the Netherlands, Spain and the UK.