MARK’s pan-European logistics platform Crossbay has agreed to an add-on for its Benelux portfolio with the acquisition of a warehouse in Almere, the Netherlands, for €26 mln.
Crossbay's second portfolio now spans 243,777 m2 across 21 assets in France, Germany, Italy, the Netherlands, and the UK.
The second platform is being grown following the €1.6 bn exit of the first to Prologis for €1.585 bn in September 2022.
The latest addition is of a property built in 2003 and expanded in 2007. The seller is Savills IM.
Consultants on the acquisition side included 1530 Real Estate, Deloitte, Florent and CBRE, who undertook technical and climate risk due diligence. Savills IM was advised by Savills and HVG Law
