CELOGIX Property Fund, the logistics property fund, has bought a new modern logistics distribution centre at Waddinxveen, in Distripark A12, the Netherlands. The property has a floor space of 150,000 m2 and will be occupied in this month by Dammes-Laban.
The property is strategically located between Amsterdam, Rotterdam, The Hague and Utrecht and is direct accessible through motorways A12 and A20. The investment is worth â‚¬10 million ($9.23 million).
The CELOGIX Property Fund owns four distribution centres in the Netherlands at Tilburg, Venray, Venlo and Nijmegen, one in Germany at Bedburg, between DÃ¼sseldorf and Cologne, and three in France at Mitry-Compans and Lagny-Le-Sec, both near Paris, Charles de Gaulle Airport and Plaine de lâ€™Ain near Lyon.
The Fund comprises 10 Dutch institutional investors and expects to have built up a commercial property portfolio worth more than â‚¬200 million ($185 million) in 2002. It invests exclusively in logistics distribution centres at strategic locations in Belgium, France, Germany and the Netherlands.