This acquisition represents the largest logistics portfolio to be acquired in The Netherlands
CBRE Global Investors, on behalf of clients, has acquired eight logistics warehouses in The Netherlands. The vendor was Somerset Capital Partners.
The portfolio consists of approximately 260,000 sq m high quality assets located in well-established logistics centres in The Netherlands. It includes one standing asset located in Wijchen and seven developments located in logistic hotspots, such as Schiphol, Utrecht and Nieuwegein. The portfolio is 80% pre-let to well-known tenants such as Mainfreight, Picnic and All 4 U.
Jaap Snellen, Head of Asset Management Logistics, The Netherlands, CBRE Global Investors: “This portfolio provides a perfect fit with our client’s investment criteria – a unique opportunity to invest in high quality logistics in a very sizeable transaction in the Dutch market.
We have substantially increased our logistics platform in the Netherlands over the past year and now have approximately 530,000 sq m of logistics over 15 properties. We continue to search for similarly attractive investments for our clients. Prime logistics assets are a key sector for us in the Netherlands.”
CBRE Global Investors were advised by Houthoff Buruma and JLL. Somerset Capital Partners is advised by Loyens & Loeff.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $86.5 billion in assets under management* as of March 31, 2017. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 75,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.
About Somerset Capital Partners
Somerset Capital Partners (Somerset) is an ambitious and inventive developer constantly looking for multimodal development locations for flexible business space and logistics, as well as for other related business purposes such as data centres. We specialize in developing distribution- and data centres and can offer ‘built to suit’ solutions. Somerset develops sustainable complexes that combine quality, functionality and image, therefore providing a strong base for wholesalers and/or logistic service providers.
www.somerset.nl | [email protected] | +31 (0)13 529 30