Global real estate investment manager LaSalle has acquired a logistics campus in Venlo, the Netherlands, on behalf of Encore+, the firm’s flagship continental European open-ended fund.
Located in the Tradeport logistics hub in Venlo, the logistics asset currently comprises eight high-quality warehouse units and an additional warehouse which is under construction is set to be delivered by Q4 2022.
This new logistics facility will have a total area of 74,000 m² and will include cutting-edge technical specifications, and strong sustainability features such as LED lighting and solar panel roofing. Financial details were not disclosed.
Jérôme Hamelin, head of Transactions, Western Continental Europe at LaSalle: ‘This purchase exemplifies our investment strategy of targeting prime logistics assets in Europe in sought-after and top-of-the-range markets. The combination of strong ESG credentials, state-of-the art building specifications and compelling market fundamentals singled this asset out as a particularly compelling investment proposition.’
