Prupim has purchased a distribution warehouse in the eastern Dutch city of Enschede from the German open-ended real estate fund manager WestInvest on behalf of the M&G European Property Fund. PRUPIM said it acquired the building off-market for a value of EUR 22 mln. The property provides some 40,000 m[sup]2[/sup] of modern warehouse space fully leased to the outdoor footwear retailer Timberland, which uses the site as its main distribution centre in Europe. Consultant Cushman & Wakefield Investors advised Prupim.
Prupim has purchased a distribution warehouse in the eastern Dutch city of Enschede from the German open-ended real estate fund manager WestInvest on behalf of the M&G European Property Fund. PRUPIM said it acquired the building off-market for a value of EUR 22 mln. The property provides some 40,000 m2 of modern warehouse space fully leased to the outdoor footwear retailer Timberland, which uses the site as its main distribution centre in Europe. Consultant Cushman & Wakefield Investors advised Prupim.