USAA Realco Europe has agreed to buy the former flower auction site in the Dutch town of Bleiswijk for an undisclosed sum.
The site covers 26 hectares, 125,000 m2 of which has been developed, with a further 11 hectares for development on an adjacent site.
USAA Realco said it planned to redevelop the location as a modern logistics centre, benefiting from its location next to the A12 running from The Hague to Arnhem and the German border.
The site has been vacant since Royal FloraHolland ceased operating in Bleiswijk and transferred all its business to Naaldwijk in 2014-2015.
USAA Realco was advised by law firm Loyens & Loeff and 3Stone Real Estate. Houthoff Buruma and JLL acted for Royal FloraHolland.
