Hines has acquired the Fresh Park Venlo in the Netherlands from Royal ZON, via perpetual leasehold right, on behalf of a discretionary fund vehicle. The deal will see Royal ZON retain the freehold ownership of the 110 hectares of land in addition to its tenancy within the business park. The park includes both existing buildings and future development potential. The experienced, incumbent management team will remain in place to continue to provide an excellent service to the diverse range of tenants on the park and Hines Europe.
With an established reputation as Europe’s largest logistics hub for food and fresh produce, Fresh Park Venlo is home to over 130 food companies and suppliers. This includes commercial enterprises, wholesalers, processing companies, logistical service providers and packing companies handling produce such as fruit and vegetables and floriculture.
Located near the strategic A73 motorway, Fresh Park Venlo sits in the middle of one of the largest agro-food production areas in the Netherlands and enjoys a strategic location between the (import and export) ports of Rotterdam / Antwerp and the German-European market. Due to its tri-modal road, waterway and rail transport network, Fresh Park Venlo can offer its occupiers sustainable supply and distribution channels.
“Fresh Park Venlo fits perfectly into our global portfolio and its strategic location and sustainable transport network has enabled the site to become Europe’s leading food logistics hub, serving markets across the region,” said Lars Huber, CEO of Hines Europe. “The fresh produce and food park has massive growth potential and we are delighted with the opportunity to work with all our new partners in the future development of the site.”
Andy Smith, Managing Director and Head of Hines Netherlands, said: “We are very grateful to broaden our investment portfolio into the logistics sector and beyond Amsterdam residential and offices. We look forward to working with our new team on site and expanding our logistics presence in The Netherlands.”