Prologis, announced that Prologis European Properties Fund II acquired a fully-leased 23,000 m² distribution facility from Pronam in Utrecht, the Netherlands.
Utrecht DC1, located in the Lage Weide industrial estate, provides optimal support for national distribution and e-commerce activities due to its proximity to the A2 motorway, national water routes, rail network, and rail freight container terminal.
“Utrecht DC1 meets our criteria for the acquisition of high quality, strategically located facilities in the Benelux,” said Bram Verhoeven, vice president, Prologis Benelux. “We will continue to seek opportunities to further strengthen our portfolio and meet customer needs through strategic acquisitions.”
Pronam was advised by CBRE and Houthoff. Prologis was advised by Lexence.
Prologis is the leading owner and developer of industrial real estate in the Benelux with around 1.2 million m² of logistics and distribution space, as of September 30, 2013.