Real IS AG has acquired the Logchain portfolio of nine logistics properties in Rotterdam from DHG. The portfolio comprises over 100,000m² of logistics space. The properties are located in Europoort Rotterdam and are primarily let to Estron and P&O Ferrymasters. The new acquisitions will be integrated into the Real IS BG VIII Europa open-ended special AIF for institutional investors and the new REALISINVEST EUROPA open-ended real estate AIF for private investors. This marks the second acquisition for REALISINVEST EUROPA within recent days, following the addition of an office building in Amsterdam to the fund’s seed portfolio. The purchase price was not disclosed.
“Rotterdam is Europe’s gateway to the world. The port of Rotterdam plays a major role in moving goods between the European mainland and Great Britain and America, which is one of the reasons demand for logistics space close to the port is so strong. With the acquisition of the Logchain portfolio, we have secured nine attractive and modern logistics facilities, all of which are fully let on long-term leases”, said Axel Schulz, Global Head of Investment Management at Real IS AG.
“The Maasvlakte Container Terminal has recently been expanded to accommodate the world’s largest container ships, thereby securing Rotterdam’s strong position in global goods traffic for the long term. As a result, logistics space in the region will be even more sought after than ever before”, commented Melanie Gruneke, Head of Country Netherlands at Real IS AG.