Edmond de Rothschild Real Estate Investment Management has acquired a light industrial/logistics asset in Oss, the Netherlands, in a sale-and-leaseback transaction with Meubitrend.
Although financial details were not disclosed, the sales price is believed to be nearly €15 mln.
The asset was bought on behalf of the Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF).
The light industrial and logistics complex comprises three separate units standing on a 35,000 m2 site. It provides 20,600 m2 of lettable area of which 17,250 m2 are warehouse and 3,350 m2 are showroom- and office space. Meubitrend will lease back the entire property and is a producer and distributor of high-quality furniture. The purchase was handled by Edmond de Rothschild REIM’s Dutch team, advised by Colliers, VBC Notarissen and Hollis Global. The seller was advised by HRS Bedrijfsmakelaars (Dynamis) and LXA Advocaten.
Robbert Bakhuijsen, head of investment Benelux at the Edmond de Rothschild REIM in Amsterdam, said: 'This acquisition represents a strategic expansion of the fund and provides us with the opportunity to further upgrade the asset in the future. It fits perfectly in the fund’s strategy to acquire light-industrial assets on well accessible and urbanized locations with excellent transportation links.'
The Edmond de Rothschild Euro Industrial Real Estate Fund, which has a core-plus risk profile, aims at providing stable distributions, and currently has an institutional investor base. The Fund is structured as an FCP-RAIF domiciled in Luxembourg. Pancura S.A. is the Alternative Investment Fund Manager (AIFM).
