Edmond de Rothschild Real Estate Investment Management (REIM) has sold an industrial property at Linge 2, The Hague, on behalf of the Orange Industrial joint venture.
The asset has a total lettable floor area of approximately 12,672 sqm and is located on the Forepark business park, a strategically well-located area near the Prins Clausplein, between the A4, A13 and A12 motorways.
“With the sale of this asset within six months after acquisition we divested the only core investment from the, mainly, value-add portfolio. The investment strategy remains to acquire value-add existing and to-be-developed industrial and distribution assets throughout the Netherlands,” said Onno Scheij.
The industrial property in The Hague is leased to Sligro on a long lease.