Logicor, Blackstone's pan-European logistics platform, has added two logistics assets, totalling 65,400 m2, to its portfolio in the Netherlands.
Logicor, Blackstone's pan-European logistics platform, has added two logistics assets, totalling 65,400 m2, to its portfolio in the Netherlands.
The vendor was Euro Logistik 1, a fund managed by pan-European real estate investment manager Internos Global Investors.
The price was not disclosed, however, PropertyEU Research has estimated the investment volume at €42.9 mln.
Logicor's portfolio in the Netherlands now comprises 340,000 m2.
The two recently built warehouses total 65,404 m2 and are located in Roosendaal (between Antwerp and Rotterdam), and Rijnsburg (40km north of Rotterdam). The properties are fully leased on a long-term basis to a privately-held white goods distributor and a major Netherlands flower exporter.
Mo Barzegar, CEO and President of Logicor, said: 'This transaction adds two high-quality warehouse assets to Logicor’s existing portfolio in the Netherlands and reinforces our priority of investing in strategic locations along the major European supply chain corridors. The Netherlands serves as a very important gateway into Europe for our customers and will continue to be an important growth market for Logicor in the coming months.'
Cushman & Wakefield advised Logicor, while Colliers International acted as consultant broker on behalf of the vendor.
