Savills Investment Management has purchased a portfolio of logistics assets in the Netherlands valued at €75 mln on behalf of an international client.
Comprising three units, with a total area of approximately 100,000 m2, the deal represents one of the largest logistics portfolio transactions in 2016.
'Following a number of purchases in Amsterdam and Moerdijk earlier this year for our own Logistics Fund, this is the first transaction in the Netherlands for one of our separate account clients. In an increasingly competitive market, we are delighted to have secured such long-term income and adds to the €200m of logistics acquired for the same client earlier this year across Europe. Further purchases are already in the pipeline,' commented Jon Crossfield, Head of Strategic Partnerships at Savills IM.
The properties were all developed by HVBM Vastgoed. Two of the three centres are located at Hazeldonk in Breda, near the Belgian border, both let on 11-year leases to Lidl and Zimmer Biomet respectively.
The third building is the newly completed logistics centre at the Columbusweg in Venlo. It is majority let on a long-term lease to Biesheuvel Techniek, with the remainder leased to Janssen Distribution Services.
DTZ / Swiss Lake acted as broker on behalf of seller. Boekel advised the seller on legal matters, while the buyer was legally represented by Loyens & Loeff.
