US logistics specialist Realterm has acquired phase I of an eight-property industrial portfolio located in the Netherlands.
The six assets are located in primary and key secondary markets in the Netherlands, and are described as highly functional high flow-through (HFT) properties.
Neither the purchase price nor the identity of the seller was disclosed.
According to the buyer, key HFT characteristics of the assets include transportation advantaged locations with excellent motorway access, significant excess parking, and an above market average number of loading positions.
Realterm said it anticipated closing on the two additional assets later this year. The total portfolio comprises some 56,343 m2 of lettable area.
'The acquisition of this Dutch portfolio reflects our strategy of investing along pan-European transport corridors in key logistics markets across Europe,' said Balazs Lados, managing director.
'We are excited to add these high-quality buildings to Realterm Europe Logistics Fund's (RELF) portfolio as they offer excellent functionality to a wide variety of our customers seeking efficient HFT buildings for final mile and transload operations,' Lados added.
Douglas van Oers, director logistics & industrial at Savills in the Netherlands, said: 'Urban logistics continues to gain popularity. E-commerce is the main driver behind this and we have observed unprecedented levels of online retail sales growth while large parts of Europe were under lockdown.
'Given the positive fundamentals and the rise of e-commerce across Europe driving demand, international investors are continuing to compete over product. We are therefore very pleased to have been able to secure this portfolio on behalf of our client Realterm, representing their entry in the Dutch market.'
Colliers represented the seller and Savills represented Realterm in the transaction.
