Edmond de Rothschild REIM acquires Dutch logistics property

Edmond de Rothschild REIM acquires Dutch logistics property

Edmond de Rothschild REIM has acquired an industrial property at Rutherfordweg 75 in Utrecht, Netherlands, for the Edmond de Rothschild Euro Industrial Real Estate Fund. The vendor is a private investor. The parties have agreed not to disclose the purchase price. The complex comprises three warehouses, whereby one has been converted into a double storey building to provide a showroom and offices. The lettable area of the asset totals around 2,100m² on a plot of land of around 11,000m².The property is occupied on a long lease to a manufacturer and wholesaler of brick paving, ceramic tiles, garden sheds, garden timber, synthetic turf and other garden products.

 

René de Heus, Head of Investment Benelux at Edmond de Rothschild REIM: “This purchase is a further systematic implementation of our fund strategy of acquiring light industrial properties in densely-built urban locations where we anticipate on rental growth and a possible redevelopment on this particular location. The acquisition in Utrecht means that the fund’s portfolio now comprises 15 properties. Further property acquisitions are already under consideration."

 

 

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