Propertize has sold a warehouse property, located at the Bosporusstraat 10 on the Maasvlakte in Rotterdam, to Clarion Partners Europe.
The warehouse was constructed between 2001 and 2004 and comprises 47,500 sq m in total, divided in four units. The warehouse property is strategically situated in the Port of Rotterdam, and new lease agreements have been signed with Odin Warehousing & Logistics B.V. and Nippon Express B.V. Following these transactions, the property is fully let.
“The Maasvlakte area in Rotterdam is in full swing, confirmed by the recent realisation of the Polymer Hub Rotterdam and the expansion of the warehouse of Nippon Express at the Dardanellenstraat. In addition, various new developments will soon be launched at the new Distripark Maasvlakte West. This will considerably expand the warehouse capacity in Europe’s most important container hub,” said Niek Poppelaars, Co-Head Logistics & Industrial at Savills in the Netherlands.
Corné Valk, Senior Consultant Investment at Savills in the Netherlands, adds: “The strategic location in the port of Rotterdam near the ECT Delta Terminal and the excellent connection by road and rail make this an eminently unique property. Despite the coronacrisis, we have been able to successfully complete this sales process. The vital importance of the logistics sector has become even more apparent in recent months, and it is also proving to be one of the most resilient real estate sectors during this crisis.”
Savills advised Propertize on the transactions (commercially), in partnership with NautaDutilh (legally). The buyer was advised by Arcadis (technically) and Houthoff (legally).