Frasers Property acquires logistics development in Ede, Netherlands

Frasers Property acquires logistics development in Ede, Netherlands

Somerset Capital Partners announced that Frasers Property Industrial has acquired EDE01, a 15.000 sqm logistics development in Ede, Netherlands, situated on the newly developed Food & Businesspark Ede.

The logistics project is being developed by Somerset Capital Partners in partnership with  global investor Frasers Property Industrial, with  completion scheduled for Q3 2021. The property is fully let to a tenant under a long-term lease.

Alexander Heubes, Managing Director Europe at Frasers Property Industrial: “With its strategic location in the middle of the Netherlands and some important trading routes, this investment is in the middle of Europe’s key logistics hubs and represents an attractive acquisition for us into the Dutch market.”

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The asset is a newly built, high-quality distribution centre which benefits from a prime location in grade-A Food & Businesspark Ede, near the railwaystation and along the A12. The new development is also expected to receive the BREEAM ‘Very Good’ certification.

Gert-Jan Kristen, Projectmanager at Somerset Capital Partners comments: “We are happy to have found Frasers Property Industrial purchasing our Ede development, which is part of an extensive pipeline. And as our developments come to market we hope to continue doing transactions with this prime investor.”