Edmond de Rothschild Real Estate Investment Management has acquired the Triton portfolio in the Netherlands for an undisclosed amount.
The portfolio containing four logistics assets in Eindhoven, Tiel, Helmond and Waddinxveen was bought on behalf of the Edmond de Rothschild Euro Industrial Real Estate Fund.
The portfolio consists of around 79,000 m2 of space leased to tenants such as Lekkerland Nederland, ModeXpress and Vonk & Co.
Robbert Bakhuijsen, head of Investment Benelux at Edmond de Rothschild REIM, said: ‘This acquisition represents a strategic expansion of the fund in very sought-after locations in the Netherlands. This portfolio offers an excellent mix of recurrent income and potential to add value by investing in the buildings and increase occupancy. Therefore, it perfectly fits with the fund’s strategy that is looking to grow after the successful fund raising at the end of last year. We will continue to acquire light-industrial and (small) logistics assets in accessible, urban locations with excellent transport links.’
The Edmond de Rothschild Euro Industrial Real Estate Fund has a portfolio of more than 30 assets in the Netherlands, Germany, and France with a market value in excess of €300 mln.
