Garbe fund buys logistics asset in Maastricht in sale-leaseback deal

Garbe fund buys logistics asset in Maastricht in sale-leaseback deal

Garbe Logistikimmobilien Fonds Plus II (GLIF+II), with Garbe Industrial Real Estate Netherlands B.V. acting as asset manager, has acquired, via an indirect asset deal, a newly constructed 38,106 sqm logistics asset in Maastricht, in the south of the Netherlands, in a sale and leaseback deal with global transport and logistics provider DSV.

The asset is located at the Aviation Valley business park in Maastricht, the Netherlands, within close proximity of Maastricht Aachen airport. DSV Solutions Nederland B.V. has signed a long-term lease for the entire property.

GLIF+II pursues a core/core+ investment strategy, focusing on logistics and light industrial properties, including developments in mainly Germany, Austria and the Netherlands. The fund’s targeted volume is €1.0 billion.

Leyla Yildirim, Head of Investment Management at Garbe Industrial Real Estate Netherlands B.V., said: “Aviation Valley business park at Maastricht Aachen Airport provides excellent connectivity to the German Ruhr region, the Port of Antwerp-Bruges and the Randstad region. We believe that the acquisition fits perfectly into our strategy to acquire assets in the most strategic logistics hubs in the Netherlands and are happy to welcome this tenant, one of the industry leaders in its field, DSV Solutions Nederland B.V.”

The asset comprises 38,106 sqm, 31,542 sqm warehouse, 4,693 sqm mezzanine and 1,871 sqm of office space. The asset has a BREEAM Excellent Certification and an A+++++ energy label. Solar panels will be placed on the roof and will generate sufficient renewable electicity for the tenant’s use.

The asset is strategically located next to the airport of Maastricht in the Aviation Valley business park. The Aviation Valley business park is one of the strongest Euregional locations in the Netherlands, with excellent access to the Maastricht Aachen airport and major motorways linking the major European ports of Rotterdam and Antwerp and the German Ruhrgebied and western industrial region.

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