Real IS, the real estate arm of Bavarian savings bank BayernLB, has acquired two logistics assets in the Netherlands from David Hart Group (DHG).
Financial details were not disclosed. The two recently developed distribution centres are located within the logistics hotspot of Moerdijk.
'This transaction confirms the continued popularity of the number one logistics hotspot in South West Brabant, with investors as well as occupiers,' commented Niek Poppelaars, associate director, Logistics & Industrial at Savills Netherlands. 'This is illustrated by the fact that this speculative development was fully let before completion. Given the great interest in such investment product, we are proud to have secured this acquisition for our client Real IS.'
The first property comprises a distribution centre of approximately 23,000 m2 located on the Energieweg 2, fully let on a long-term lease to logistics service provider Rulewave BV.
The second building is a distribution centre of approximately 25,000 m2 located on the Megajoule 2-4, fully let long-term to Johnson Health Tech Netherlands.
This is Real IS’s second acquisition in Moerdijk. Last year the German investor acquired Smartlog 1, comprising two properties totaling approximately 42,000 m2.
Real IS was advised by Savills, PWC (tax), Houthoff Buruma (legal) and Lehmann Consult (technical).
DHG was advised by Loyens & Loeff (legal).
