Logicor adds two Netherlands logistics properties - Cushman & Wakefield

Logicor adds two Netherlands logistics properties

Logicor, the leading pan-European owner and operator of logistics properties, announces the addition of two logistics assets to its Netherlands portfolio. The assets were acquired from a fund managed by INTERNOS Global Investors, the pan-European real estate investment manager.

The two high-quality, recently built warehouses total 65,404 sqm and are located in Roosendaal (between Antwerp and Rotterdam), and Rijnsburg (40km north of Rotterdam). The modern properties are fully leased on a long-term basis to a privately-held white goods distributor and a major Netherlands flower exporter.

Mo Barzegar, CEO and President of Logicor, said:
“This transaction adds two high-quality warehouse assets to Logicor’s existing portfolio in the Netherlands and reinforces our priority of investing in strategic locations along the major European supply chain corridors. The Netherlands serves as a very important gateway into Europe for our customers and will continue to be an important growth market for Logicor in the coming months.”

Jeroen Smit, Managing Director - Northern Europe, Logicor added:
“These assets are located in good locations. Roosendaal is the logistics hot-spot between the Rottterdam and Antwerp seaports and Rijnsburg is the heart of the floral industry close to Schiphol Airport. Both assets strengthen our presence in The Netherlands.”

Sebastian Lietsch, Fund Manager of EURO LOGISTIK 1, said:
“By securing new, long-term lease agreements before disposal for both properties, the occupancy rate of our Dutch logistic portfolio increased from 63% to 100% in 18 months and we were able to maximise value for investors in EURO LOGISTIK 1”.

Cushman & Wakefield advised Logicor.

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