Global investment manager GLP has acquired a 26,000 m2 logistics project in Oss, the Netherlands.
Financial details were not disclosed.
The asset is due to complete in Q3 2021 and will comprise a modern distribution centre targeting a Breeam Excellent rating.
On completion it will be leased to Vos Logistics, a pan-European logistics service provider.
The development is situated in Oss, in the province of North Brabant within the Rotterdam-Venlo corridor. According to GLP, this enables easy access to key locations including Benelux, Germany and the North of France.
Phillippe Hendriks at GLP, said: 'This acquisition provides an attractive addition to our Dutch portfolio as we continue to expand our footprint in key strategic markets across Europe.
'Once complete the high quality asset will provide a range of sustainable measures whilst introducing a new customer GLP platform in Vos Logistics.'