Global investment manager AXA Investment Managers - Real Assets (AXA IMRA) has purchased a logistics development site on behalf of clients in Ridderkerk, the Netherlands, from local developer Focus Invest.
The 36,250 m2 site has consented planning for the development of a 24,000 m2 Grade A logistics asset, which will be undertaken by the vendor.
Due to be delivered in Q4 2019, the completed asset will comprise 22,500 m2 of modern warehouse space and 1,500 m2 of office space.
AXA IMRA said that the site benefited from a strategic logistics location within the ring road of the city of Rotterdam and close to Rotterdam Harbour. It lies adjacent to the A15 and A16 highways which link Rotterdam to Utrecht, Germany and Belgium.
