CBRE Global Investors has acquired a logistics ‘trophy’ asset in the Dutch city of Tilburg on behalf of a separate account client for €100.1 mln.
The distribution centre, known as Distriport Tilburg, was purchased from investor-developer ProDelta. The property comprises over 70,000 m2 including mezzanine and office space, and was certified BREEAM-NL Good in April.
Located at Letostraat 33–35, Distriport Tilburg is one of the biggest assets in industrial park Vossenberg West II, located adjacent to the Barge Terminal Tilburg.
The property is leased on a long-term basis to XPO Logistics, which uses it for the European e-commerce operations of fashion retailer H&M. The asset’s 60,000 m2 roof is fitted with 24,310 solar panels, making it the biggest solar energy system in the region.
Tilburg is one of the Netherlands’ logistics hotspots, strategically located between the ports of Rotterdam and Antwerp and close to motorway connections with Germany and the European hinterland.
Commenting on the deal, Maurice Stieger, senior transaction and asset manager at CBRE GI, said: ‘Distriport Tilburg is a real trophy asset of very high quality. It is located in the best spot in the Netherlands, one that is highly strategic for national and European logistics operations. The property is a fantastic addition to our high-grade and sustainable logistics portfolio in the Netherlands. It is leased long-term and offers future potential as we anticipate a shortage of logistics assets in prime locations.’
ProDelta was advised on the sale by De Mik Bedrijfshuisvesting and on the legal side by Loyens & Loeff. CBRE Global Investors was advised by 3Stone Real Estate and BNP Paribas Real Estate, with Houthoff acting on the legal side.
