Tristan Capital Partners has acquired three warehouse assets in the Netherlands for €42 million through its CCP 5 LL, Tristan’s long-life core plus Fund, and local operating partner, ARC Real Estate Partners.
The warehouse assets in the Netherlands consist of 50,000 sqm of space and are located in the key Dutch logistics hot spots of Lelystad, Zevenaar and Zeewolde. The Lelystad property was acquired from a private investor. The Zevenaar property was acquired in a sale and leaseback transaction with the vendor, Skantrae. The deal with Skantrae also includes the realisation of a c. 7,000 sqm warehouse extension. The Zeewolde property is a forward funding development acquired from Dutch property developer Borghese Real Estate.
Kick Van der Wel, Director at Tristan Capital Partners, said: “The Netherlands has an open and robust economy, with a flourishing logistics sector and plays a pivotal and increasingly important role in European transport infrastructure. We intend to follow these acquisitions with further investments in the Dutch logistics sector, as we believe that that the long-term appeal for these assets will continue to grow on the back of continued structural changes in retailing, e-commerce and supply chains.’’