Savills Investment Management (Savills IM), the international real estate investment manager, has acquired the Rapid Logistics distribution centre in the Schiphol Trade Park, Netherlands, in an off-market transaction on behalf of a German pension fund.
Financial details were not disclosed.
The development, which will be completed in Q4 2023, is situated in the logistics zone of the Trade Park and stands 7.25 km to the southwest of Schiphol Airport and approximately 25 km southwest of Amsterdam.
The centre consists of 19,923m2 of warehouse assets, 3,428m2 office and 3,220m2 mezzanine and is fully let to Rapid Logistics on a long-term basis from completion.
Marcel Fleminks, director, co-head of Netherlands at Savills IM, said: 'The Rapid Logistics distribution centre has the highest-quality ESG profile, meeting tenants’ and investors' ever-growing sustainability requirements for core logistics real estate assets.
'This transaction was completed off market, further showcasing Savills IM’s local team expertise combined with its global reach.'
A BREEAM Excellent certification and A+++ energy label are being sought for the distribution development.
It is designed with a wide array of meeting areas and green outdoor space to promote social cohesion and employee satisfaction. Circular materials will be used for construction to minimize its ecological footprint.
Schiphol Trade Park aims to be the most sustainable and innovative industrial estate in Europe. This business park itself is an environmental showcase in Europe and was awarded a BREEAM certificate, making it one of the most sustainable working environments in Europe.
Savills Investment Management was assisted by Dentons and Drees & Sommer. The seller, Aan de Stegge Twello, was advised during the disposal process by law firm CMS and by TLF real estate during the sales process.
