Europa Capital has completed the acquisition of a prime logistics warehouse near Eindhoven Airport from a private seller. This represents Europa Capital’s third logistics acquisition in the Netherlands in the last 12 months on behalf of its core diversified income strategy, which is seeded with capital from Europa Capital’s principal shareholder, Mitsubishi Estate, and now has a combined value of over €200m.
The property, which comprises 12,145m², is fully let to five tenants and is situated immediately adjacent to Eindhoven Airport on an established business park. The transaction, which grows the core diversified income portfolio’s to five assets across France, Germany and the Netherlands generating a total income to over €10m, follows the acquisition of a 21,054m² logistics facility in Tilburg and a 49,658m² logistics warehouse in nearby Oss. The purchase price was not disclosed.
Andy Watson, Partner and Fund Manager at Europa Capital, commented: “This is the fifth investment for our core diversified income strategy and the third property in the logistics market in the Netherlands, where we believe that strong occupational dynamics and increasing investor liquidity will benefit investors.”