Commerz Real purchases Dutch logistics centre for EUR 28m

German fund manger Commerz Real has acquired De Rooy logistics facility in the Dutch city of Roosendaal for one of its institutional funds for about EUR 28 mln. The deal was transacted in the form of a sale-and-leaseback agreement with international shipping and distribution company De Rooy.

The property features a gross lettable warehouse and office space of more than 45,000 m² as well as 160 parking spaces for lorries and cars.

'With the acquisition of this logistic centre, we added a modern and high-quality property to the portfolio of the specialised institutional fund. One of the distinct advantages of the property is that is comes with its own railway siding that extends directly into the hall,' said Hans-Joachim Kühl, Member of the Board of Commerz Real and in charge of real estate acquisitions. 'The long-term lease with a high-net-worth company as well as the superior strategic location at one of the leading industrial and logistics parks in the Netherland will ensure a secure cash flow and will contribute positively to the fund performance.'

Roosendaal is situated in the West-Brabant region and boasts excellent infrastructural connectivity to the road and rail network as well as to the Scheldt-Rhine-Canal.