Global investment manager Nuveen Real Estate has acquired a newly developed logistics asset in Moerdijk, the Netherlands, from Accres Real Estate.
Financial details were not disclosed.
Situated in the West Brabant Corridor, enjoying connectivity to Rotterdam Harbour and access to Germany and Belgium by boat, train and road, the asset includes 15,000 m2 of modern logistics space, divided into two units.
Daan Van der Veen, director investment manager for Nuveen Real Estate Benelux, said: 'It is fantastic to have been able to add another high-quality industrial asset to our growing portfolio in the Netherlands.
'Its strategic positioning in one the country’s busiest logistics regions, as well as its strong tenant covenants, should help us to provide continued strong returns for our clients. Due to the quality of the logistics market in the Netherlands, we will continue to seek new opportunities to add to our portfolio in the region.'
The property has achieved Breeam Very Good certification and will have solar panels installed over the coming months.
The industrial hub is currently let to two tenants, both logistics providers, on five to 10-year leases.
Nuveen Real Estate now has nearly €600 mln of logistics assets under management in the Netherlands.
Nuveen Real Estate was advised by De Mik Bedrijfshuisvesting (broker), Houthoff (lawyer) and Drees&Sommer (technical). The seller was advised by CMS.
