Union Investment has acquired a logistics facility in Almere, the Netherlands for its open-ended real estate fund Unilmmo: Europa. The logistics property was acquired from construction company Aan de Stegge Twello. The purchase price was not disclosed.
“As the fifth largest economy in the EU, the Netherlands has become an important distribution hub in Europe due to its first-class airports and seaports and favourable location in relation to the European Hinterland. Almere is just 40 minutes’ drive from Amsterdam and is in the Dutch logistics hotspot of Almere-Lelystad-Zeewolde, which was named one of the top three logistics locations in the Netherlands this year due to the availability of staff and building land and the support provided by local authorities and government,” said Stephan Riechers, Senior Investment Manager Logistics at Union Investment.
A total of 34,000 sq m of rental space will be built on the 52,200 sq m site in Stichtsekant business park by April 2021. The 34,000 sq m of rental space will comprise 28,900 sq m of logistics space, 3,700 sq m of offices and 1,400 sq m of mezzanine space.
The logistics facility in Almere, the Netherlands will also feature 31 loading bays and 290 parking spaces. It is already fully let to Dimensio Verpakkingen, a manufacturer of recyclable, environmentally friendly plastic packaging that intends to make the property its new headquarters. A 15-year lease has been signed.