Lidl leases 33,500 m[sup]2[/sup] in the Netherlands

Catella Property Fund Management (part of Equity Estate) has reached an agreement to lease 33,500 m² of space at its Oosterhout logistics centre in the Netherlands to international supermarket chain Lidl.

The property is owned by one of its funds, AB CPFM Europroperty Fund. Lidl will use the logistics centre for its non-food articles and occupied the property immediately after the departure of Whirlpool.

AB CPFM Europroperty Fund is one of the joint ventures between Arab Bank and Catella. The management of the fund is performed by Catella Property Fund Management (a 100% owned company of Equity Estate). The fund consists of 12 properties, logistics and offices, located in the Benelux and Germany.

The transaction was accomplished by DTZ Zadelhoff on behalf of AB CPFM Europroperty Fund.