Cording Real Estate Group, acting on behalf of Cording Euro Industrial Real Estate Fund, has acquired a 25,500m² portfolio, comprising four light industrial assets and a small logistics property, in the Netherlands. The four light industrial properties have a total lettable area of around 19,000m² and are located near major gateways and transport axes in the Netherlands (Boxtel, Heteren, Deventer, Alphen a/d Rijn). The small logistics asset is located in Zwolle, close to the A28 motorway and comprises around 6,500m². The portfolio is fully let to multiple strong tenants. The purchase price was not disclosed.
Rene de Heus, Head of Investment Benelux at Cording, commented: “The acquisition of these assets is a perfect addition to the fund’s existing portfolio. Due to their high quality, combined with their long lease terms and stable secured cash flows, they form a perfect building block to the fund’s initial portfolio strategy. We aim to acquire further industrial properties for the fund”.