INTERNOS Global Investors Limited, the €3.6 billion owner-managed real estate fund management firm, announces that its Netherlands team has signed H&M, the renowned multinational fashion retailer, on a 25-year lease at a 20,600 m² logistics asset in the Netherlands. The letting was secured on behalf of Hades Logistics B.V.
The asset, which will be fully occupied by H&M as of April 2015, is located at Lingewei 6 in the town of Tiel and comprises an 18,400 m² warehouse, 1,260 m² of office space, 940 m² of mezzanine space, 179 external car parking spaces, 45 external parking spaces for trucks and 31 trailer parking spaces. INTERNOS was assisted by Cushman & Wakefield and H&M has been assisted by BRICKS Advocaten.
Commenting on the letting, Hugo van der Goes, managing director at INTERNOS, Amsterdam, said: “We are very pleased to have closed such a long-term lease with a well-known and respected retail brand just three months after the departure of the previous occupier. To have completed the lease with such a high quality tenant demonstrates the importance of having local asset managers who understand the local occupier market.”
INTERNOS currently manages over 100,000 m² of logistics space in the region.