Cording Real Estate Group has acquired a portfolio comprising two light industrial assets and a small logistics property for the Cording Euro Industrial Real Estate Fund. The properties have a total lettable area of around 10,500m² and are located near major gateways and transport axes in the Netherlands. The small logistics asset is located in Utrecht, alongside the A2 motorway. The light-industrial assets are located in Zwolle and Cuijk. The portfolio is fully let to three 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 its long lease terms and stable secured cash flows, this acquisition is in line with the fund’s initial portfolio strategy. We aim to acquire further industrial and logistics properties for the fund”.
