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Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) acquired a logistic property in Bleiswijk near Rotterdam for Korean investors led by Midas International Asset Management and NH Investment & Securities. The property was sold by a joint venture between the investment manager USAA Realco Europe, the European subsidiary of USAA Real Estate and Dutch developer Somerset Capital Partners.
The property is let in its entirety to Zalando, Europe’s leading online platform for fashion and lifestyle. The site occupies a plot area of 250,000 square metres and includes around 1,200 parking spots. The completed building will have a gross lettable area of 140,000 square metres, including about 12,000 square metres of office space. This will make it the largest single-tenant logistics property in the Netherlands. As a result of the high sustainability standards that the property meets, the building is expected to receive a BREEAM “Very Good” certification.
Bleiswijk is part of the Randstad region, the economic heart of the Netherlands, and is only 15 km away from Rotterdam, which is home to the largest port in Europe and 50 km from Amsterdam as well as Schiphol -Airport, the third largest passenger and cargo airport in the Eurozone.
Source : Warburg-HIH Invest.