REAL ESTATE – The €44bn Swedish occupational pensions mutual Alecta has bought a Dutch, Venlo-based distribution centre for nearly €11m.

Real estate investment company Arlington, which has bought the complex for Alecta, said that it acquired the centre from German IC Immobilien Beteiligungs GmbH for €10,47m.

On February 1 the building, covering 20.000 square meters, was let for an 11-year period to clothing producer Tommy Hilfiger Europe, Arlington said.

The clothing group already hires another office block at the location which is also owned by Alecta.