WP Carey has acquired the main European distribution centre of the Tommy Hilfiger Group from its current landlord, Aspen Real Estate Investments.
WP Carey has acquired the main European distribution centre of the Tommy Hilfiger Group from its current landlord, Aspen Real Estate Investments.
The total acquisition cost for the property was €30 mln.
The facility is Tommy Hilfiger's main logistics centre for all of Europe. It is located in Venlo, a core logistics hub in the Netherlands close to the German border and the two largest ports in Europe.
'This was an excellent opportunity to acquire an operationally critical single-tenant property in a prime logistics location,' said Jeffrey Lefleur, managing director of WP Carey.
