International real estate investment manager Savills Investment Management (Savills IM) has acquired the Rapid Logistics distribution centre in the Schiphol Trade Park, Netherlands, in an off-market transaction on behalf of a German pension fund.
The distribution centre is situated in the logistics zone of the Trade Park, which is 7km to the southwest of Schiphol Airport and 25km southwest of Amsterdam.
It consists of 19,923m² of warehouse assets, 3,428m² office and 3,220m² mezzanine and is fully let to Rapid Logistics Group on a long-term basis, from completion.
The logistics distribution centre has a high-standard ESG profile, meeting tenants’ and investors’ growing sustainability requirements for core logistics real estate assets:
A BREEAM “Excellent” certification and A+++ energy label are being sought for the distribution development. It is designed with a wide array of meeting areas and green outdoor space to promote social cohesion and employee satisfaction. Circular materials will be used for construction to minimize its ecological footprint. The development will be completed in Q4 2023.
Schiphol Trade Park has the ambition to be the most sustainable and innovative business park in Europe and was awarded a BREEAM certificate.
Marcel Fleminks, Director, Co-Head of Netherlands at Savills IM, commented: “The Rapid Logistics distribution centre has the highest-quality ESG profile, meeting tenants’ and investors’ ever-growing sustainability requirements for core logistics real estate assets. This transaction was completed off market, further showcasing Savills IM’s local team expertise combined with its global reach.”
Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!