Garbe Industrial Real Estate has started the development of a new 23,880 m2 build-to-suit production facility and head office for Dutch smart energy solutions supplier Alfen N.V. at the De Vaart business park in Almere.
The acquisition was made on behalf of GLIF Plus III, a Luxembourg-based, pan-European investment fund for logistics and light industrial properties, and represents the first Dutch ‘develop to hold' asset for the vehicle. Alfen N.V. has signed a long-term lease for the entire development.
GLIF Plus III pursues a core/core+ investment strategy but value-add assets and project developments may incidentally be added to the portfolio. The Fund’s targeted GAV (gross asset value) is €5 bn.
Speaking at the opening ceremony, Jakko van Wijk, development director at Garbe Industrial Real Estate Netherlands B.V., said: ‘This is a perfect example of the interdisciplinary package of services Garbe is able to offer, encompassing the full real estate value chain cycle from development, investment, to asset management. We are pleased to welcome Alfen N.V. as our tenant, a home-grown leader in its field, operating at the very heart of the energy transition underway in Europe and for whom the development represents a platform for its further expansion.’
‘We are pleased to mark a significant milestone in Alfen’s business growth as we celebrate the opening of our new building in Almere,’ said Marco Roeleveld, CEO of Alfen. ‘Alfen is at the heart of Europe’s energy transition. Our electric charging stations, energy storage solutions and transformer houses are vital to limiting the adverse effects of climate change. When completed, this new building will be three times as big as our largest building today – almost the size of five football fields – and will house office, production and warehouse space to support our customers’ growing electricity needs.’
Delivery of the building is scheduled for Q1 2024.
