Deka Immobilien has exchanged contracts to secure the purchase of a development project in Amsterdam. The distribution centre is being developed in a joint venture by Proptimize and Built to Build. After completion, it will be added to the portfolio of the WestInvest TargetSelect Logistics sector fund, which is aimed at institutional investors. The parties agreed not to disclose the purchase price.
“AMS Cargo Centre II” is located directly across from “AMS Cargo Centre I”, which Deka Immobilien acquired as a development project in 2017. “AMS Cargo Centre II” is scheduled for completion by December 2019 and will provide more than 32,000m² of leasable area, 196 parking places for cars and 117 for trucks. It is designed as a multi-tenant property with seven hall sections, each having five docking gates. The first hall section, which is the largest, providing close to 6,000m² of space, is currently pre-leased under a long-term lease to J. Middelkoop Logistics and its subsidiary Rutges Cargo Europe. Efforts are being made to obtain British BREEAM “Very Good” sustainability certification for the property.
The development project is located directly next to the Amsterdam airport in Schiphol Logistics Park. The industrial park has a modern design, is environmentally certified and offers good access to the highway network.
