Savills Investment Management has purchased a Grade A distribution centre in Veghel in the Netherlands for its pan-European logistics fund.
The seller in the sale and leaseback transaction is Biotope B.V., the owner of the tenant Udea BV.
The parties have agreed not to disclose the investment volume.
Built in 2019, the property comprises approximately 32,250 sqm of lettable space and meets or exceeds the requirements for a modern Grade A distribution centre with 12.20 metres of clear height, 5 t/sqm floor loading and 36 loading bays.
It is fully let to Udea BV for a period of 15 years.
The property is characterised by very high energy efficiency and has a BREEAM “Excellent” certification. Almost 80 per cent of the energy consumed comes from renewable sources. Solar panels are installed on the roof, and the building also has water-saving sanitary facilities and several charging stations for electric cars and bicycles.
The distribution centre is located in the newly developed 70-hectare industrial estate “De Kempkens” in Veghel, about 20 km from Eindhoven. Eindhoven is the fifth largest city in the Netherlands and the largest city in the province of Noord-Brabant. Veghel is very well connected via the A 50 (Eindhoven-Nijmegen) and A 67 (Antwerp-Eindhoven-Duisburg) motorways. The site also has an inland waterway container terminal with connections to Maastricht, the port of Rotterdam and the North Sea.
Daniel Hohenthanner MRICS, Director Investment at Savills IM, said: ”Due to its established location, the long-term lease to a company in the food industry and the very good ESG criteria, the property fits perfectly into our pan-European logistics strategy, which focuses on high-quality and third party-usable properties. In these times of high uncertainty, a property like this provides stability in the portfolio.”
Marcel Fleminks, Co-Head the Netherlands at Savills IM, said: ”We are happy that in these challenging times we are able to source and execute deals which comply to our standards. The combination of tenant, location and ESG credentials are key to us as a house. We remain a very active player in this field.”
