Aberdeen Property Investors Continental Europe B.V. (APICE) has let a 25,000 mÃÂ² logistics distribution centre in Venlo, the Netherlands, to Tommy Hilfiger Europe BV, on behalf of the Swedish pension insurance company Alecta pensionsfÃÂ¶rsÃÂ¤kring, ÃÂ¶msesidigt (Alecta). This transaction, the largest APICE letting in Continental Europe this year, was realised in co-operation with broker DTZ-Zadelhof Eindhoven.
Alecta is one of five asset management clients of APICE.
As fund manager of CÃ¢âÂ¬LOGIX Property Fund, APICE has much experience in obtaining logistics real estate. CÃ¢âÂ¬LOGIX Property Fund invests exclusively in logistics distribution centres at strategic locations in the Netherlands, Germany, France, Spain and Belgium. The fund now has Ã¢âÂ¬ 252 million in 17 logistics properties (424,271 mÃÂ²) in four European countries. The target is to expand the portfolio to Ã¢âÂ¬ 400 million before Q1 2004. Due to this target the fund is open for new investors. Currently eleven Dutch and two Scandinavian investors are participating in CÃ¢âÂ¬LOGIX.
Source: Aberdeen Property Investors Continental Europe B.V.