Singapore-headquartered Elite Partners Capital has acquired a warehouse in central Netherlands from a private investor.
The purchase price was in the region of €22 mln, according to the Dutch land registry.
The deal comes shortly after the group's acquisition of a distribution facility in Wrexham UK, announced in July.
The latest purchase marks the firm's first foray into the Dutch logistics market, as part of the second series of EPC's logistics fund.
The asset is located at Nunspeet, a city just outside the Randstad area in the middle of the Netherlands.
Located alongside the A28 motorway, it serves as one of multiple industrial/logistics hubs that connects the Randstad area with the northeastern provinces and the northern part of Germany.
The asset sits within the Feithenhof business park which has a total size of approximately 27.7 haand comprises a mix of local industrial businesses alongside internationally operating occupiers.
The warehouse provides a gross floor area of 30,817 m2 on 55,108 m2 of land. It is fully let to B&C International, a supplier of custom and ready-made window treatments.
Said Victor Song, CEO of Elite Partners Capital: 'The Netherlands is one of the top logistics markets in Europe, underpinned by efficient ports and well-established logistics infrastructure.
'We are excited to announce our first acquisition within the Dutch market and look forward to growing our footprint here due to its strong fundamentals and logistics demand.'
Elite Logistics Fund II said it would continue to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.
Opal Partners acted for Elite Partners Capital and Cushman & Wakefield acted for the seller.
