Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

Standard Life Investments Acquires Key Netherlands Logistics site


The Standard Life Investments European Property Growth Fund L.P. (“EPGF”) has acquired a landmark logistics asset in the Netherlands – its second acquisition in the region. The Fund has acquired the Tasmanweg 2 unit, in the Dutch city of Venlo.

The 28,014 sq m (301,540 sq ft) unit occupies a prime location in Venlo, and boasts streamlined cross-docking warehouse facilities. It is fully let to global transport and logistics company DSV.

Commenting on the deal, Veronica Gallo-Alvarez, Fund Manager of the Standard Life Investments European Property Growth Fund, said: “Venlo is one of the key logistic and transport sites in Europe. We are delighted to have acquired this first-class logistics asset. This acquisition is in line with the Fund’s strategy to target long-term stable income returns as a main driver of performance and to be in a position to exploit markets with potential for capital growth.”

Cushman & Wakefield acted for Standard Life Investments; JLL acted for the vendor.

Contact

Ingrid Wallisch

PR & Communicatie Manager

Phone +31 208002048

Contact me