CBRE Global Investors (CBRE GI) has acquired a 43,000 m2 logistics warehouse in Bergen op Zoom in the Netherlands for the CBRE European Industrial Fund (EIF).
Purchased from a fund managed by AXA Investment Managers – Real Assets for an undisclosed sum, the deal represents the second logistics acquisition that CBRE GI has made in the Netherlands in the last four months.
'The distribution centre with Bleckmann as the major tenant provides a high quality, flexible logistic solution in a core Dutch logistics location which meets all of the fund’s required investment criteria,' commented Pierre-David Baylac, EIF's fund manager.
The asset was constructed in 2009 and is let to supply chain solutions firm Bleckmann and fashion retailer Forever 21.
'Since the start of 2016, EIF has acquired 12 assets in France, Germany, Italy, Portugal and Spain, being one of the most active players in the logistics pan-European market. The fund is keen to further increase its portfolio in the Netherlands,' added Baylac.
'This acquisition underlines our ambition to grow the logistics platform in the Netherlands. We are looking at all core investment opportunities in the logistics market in the Netherlands for our various clients,' said Paul Oremus, country manager for CBRE GI in the Netherlands.
CBRE Global Investors were advised by Houthoff Buruma.
AXA Investment Managers – Real Assets were advised by CBRE and Clifford Chance.
