Meyer Bergman’s logistics platform Crossbay has continued with its acquisition programme via expansion in the Benelux market.
The company has acquired Beiraweg 11 and 15 in Atlas Park in the port of Amsterdam, with quick links to the city centre and Schiphol airport, and taking exposure to the Benelux market to around €90 mln.
Belgium, the Netherlands, and Luxembourg are key targets for Crossbay, with the platform acquiring 16 assets in the region over the past eight months.
It did not disclose the acquisition price of the latest properties.
Describing the Dutch logistics market, Meyer Bergman called it ‘rapidly growing’ due to strong combined demand from last-mile operators looking for facilities to serve the country’s densely populated city-regions as well long-haul and international forwarders wanting to take advantage of the Netherlands’ position as a key trade and shipping hub in Europe.
Fashion and lifestyle industries’ supply chain manager Bleckmann is located in the warehouse on Beiraweg 11 while homewares wholesaler Riviera Maison is located in Beiraweg 15, which contains a showroom and office space.
The seller Arc-en-Ciel was advised by Beaufort Bogaard Vastgoed and Van Zinnicq Bergmann. Meyer Bergman was advised by 1530 Real Estate, Rutgers & Posch, Deloitte, and CBRE.
Arjan Kooman, joint head of Crossbay Benelux, said: ‘Despite the challenges posed by Covid-19 we have managed to acquire two quality assets close to Amsterdam city centre with excellent multimodal transport links – attributes that will prove highly appealing to any future occupier.’
Roy Erkelens is the other joint head of Crossbay Benelux.
Meyer Bergman formally launched Crossbay in May this year as an early mover to focus specifically on single-tenant distribution centres serving gateway cities across Europe. It is targeting €2 bn in total value.
It has its own corporate structure separate from Meyer Bergman and is led by Marco Riva, formerly of Blackstone’s ‘big box’ warehouse business Logicor.
