Aviva Investors Real Estate France, a subsidiary of Aviva France, has acquired a warehouse complex in Tilburg in the Netherlands on behalf of one of its clients.

Tilburg

Tilburg

Financial details were not disclosed.

The complex of six sheds was acquired from Fabory, a European specialist distributor of fasteners, in a sale-and-leaseback deal.

The assets are located in the Kraaiven business park in Tilburg, where Fabory’s central warehousing activities are located, and which is considered one of the leading logistics hubs in the Dutch market.

This transaction builds on Aviva Investors Real Estate France's purchase of a warehouse in Eindhoven in June of this year.

The firm's portfolio under management in the Netherlands also comprises a logistics warehouse in the north of Rotterdam acquired speculatively in June 2020 and which was delivered in March 2021, a warehouse in the Distripark Maasvlakte within the port of Rotterdam, and two institutional-grade logistics assets in Tilburg-Waalwijk and Waddinxveen acquired in November 2019.

Said Grégoire Bailly-Salins, head of transactions Europe at Aviva Investors Real Estate France: 'We are happy to have acquired these particular assets and to have agreed a sale-and-leaseback agreement with Fabory, which gives us exposure not only to a set of high-quality assets but also a strong tenant.

'Moreover, we are pleased to increase our presence in the Tilburg region of the Netherlands, which remains one of most established logistics locations in Europe and one of strategic importance to our pan-European real estate investment programme.'

Aviva Investors Real Estate France was advised by Savills, Drees & Sommers and Newground Law. Fabory was advised by Cushman & Wakefield and CMS.