HIH Invest Real Estate has bought a fully-let, new-build logistics facility in the Netherlands on behalf of its HIH Deutschland+ Core Logistik Invest institutional fund from a joint venture composed of developer Dudok Real Estate and contractor Bouwbedrijf Vrolijk for an undisclosed amount.
Located inside the Treeport business park in Rijsbergen on a plot of 35,145 m2, the 21,000 m2 facility was completed in May 2023 and is fully let to DNA United Forwarders B.V. (DNA), an internationally active contract logistics operator.
The property is equipped with a heat pump, charge points for electric vehicles and bicycles, and with attractive community areas for in-house staff. A photovoltaic system to cover the tenant’s energy demand will soon be installed and cover the entire roof surface. The facility is targeting a BREEAM “Very Good” rating.
'The warehouse was constructed in line with the latest ESG standards for the logistics sector, and is capable of operating carbon-neutral. Another perk is its high alternative use potential, as it can be split into several warehouse sections with a clear height of 12.20 metres,' said Maximilian Tappert, head of transaction management logistics.
'Another factor that convinced us is the location. The innovative trading estate of Treeport places a premium on sustainability, and has direct access to the A16/A58 motorways. This puts the cities of Rotterdam and Antwerp, and thus the major seaports as well as major metro regions in Continental Europe within easy reach,' added Andreas Strey, co-head of fund management/head of Logistics.
The new-build logistics facility brings the number of assets that HIH Invest acquired for the HIH Deutschland+ Core Logistik Invest up to a total of six. Three of these are located in the Netherlands. The fund aims for a target volume of €500 mln or more. It focuses on modern core logistics properties with very good third-party usability and high ESG standards.
