INTERNOS secures long-term letting with H&M in the Netherlands

Click to Enlarge

INTERNOS Global Investors Limited (“INTERNOS”), the €3.6 billion owner-managed real estate fund management firm, announces that its Netherlands team has signed H&M, the renowned multinational fashion retailer, on a 25-year lease at a 20,600 sq m logistics asset in the Netherlands. The letting was secured on behalf of Hades Logistics B.V.

The asset, which will be fully occupied by H&M as of April 2015, is located at Lingewei 6 in the town of Tiel and comprises an 18,400 sq m warehouse, 1,260 sq m of office space, 940 sq m of mezzanine space, 179 external car parking spaces, 45 external parking spaces for trucks and 31 trailer parking spaces. INTERNOS was assisted by Cushman & Wakefield and H&M has been assisted by BRICKS Advocaten.

Commenting on the letting, Hugo van der Goes, managing director at INTERNOS, Amsterdam, said: “We are very pleased to have closed such a long-term lease with a well-known and respected retail brand just three months after the departure of the previous occupier. To have completed the lease with such a high quality tenant demonstrates the importance of having local asset managers who understand the local occupier market.”

INTERNOS currently manages over 100,000 sq m of logistics space in the region.