Barings has purchased a portfolio of seven last mile logistics assets in the Netherlands for a total of €33.6 million.
The newly built, pre-let assets range between 1,600 and 3,000 sq m in size. The assets are well located throughout the Netherlands and feature excellent catchment areas, with between 300,000 and 1.1 million consumers within a 30-minute drive.
The assets are leased to Jumbo, the second largest supermarket chain in the Netherlands, and a European e-commerce company.
Robbert-Jan van Baal, Head of Real Estate Acquisitions for Benelux at Barings, said: “We are very pleased to have acquired these core last mile logistic assets in such strong locations in the Netherlands. This portfolio is considered by market participants the first ‘real’ last mile logistics portfolio on the market in the country and has been built in line with the BREEAM Very Good standard, making them an excellent addition to a pan-European Core strategy.
Gunther Deutsch, Head of Transactions Europe and Managing Director at Barings, commented: “With last mile logistics becoming more and more sought after, our on-the-ground expertise has made a clear and positive difference in securing these assets for a core strategy. We are very keen to expand our last mile/logistics/industrial portfolio across Europe in our destinations—The Nordics, Germany, UK, Italy, France Benelux and Spain. All risk sectors are of interest from value add to core including forward transactions and JV´s with developers.”
