CBRE Global Investors has acquired the majority of the real estate at the Broekman Logistics Campus site in the Dutch town of Born.
The investment volume for the sale-and leaseback transaction with occupier, Broekman Logistics, came to €27.8 mln, according to information in the Dutch land registry or Kadaster.
The acquisition comprises two warehouses with one building constructed earlier this year. The total lettable area is 33,914 m2, including office and mezzanine space. The property is fully let to Broekman Logistics on 15-year lease.
Jan van Bakel, transaction manager Netherlands, CBRE Global Investors commented: 'We have acquired an excellent asset that is located in a Dutch logistics hotspot. It is well located to benefit from all the important transport links and with a strong tenant, we have secured a long-term secure cash flow.'
Paul Oremus, country manager the Netherlands, CBRE Global Investors added: 'The acquisition of this logistics warehouse is a great addition to our portfolio as we have the ambition to grow our logistics platform in the Netherlands. We see a growing interest for core logistics assets in the Netherlands, and with the ample capital available we expect to see more activity in this area in the coming period.'
CBRE Global Investors was advised by Houthoff Buruma. Broekman Logistics was legally advised by CMS Derks Star Busmann and commercially by DTZ Zadelhoff.
