Valad fully lets Trade Parc Matlinge, Rotterdam (NL)

Valad, the European multi-let real estate investment manager, announces that on behalf of the European Industrial Partnership (EIP) fund it has fully let Trade Parc Matlinge, Rotterdam to four new tenants.

Trade Park Matlinge

Trade Park Matlinge.

Following these lettings, Trade Parc Matlinge has a weighted average unexpired lease term of six years and a combined annual rental income of approximately €350,000. The newly completed building comprises approximately 1,400 m² of office and 2,600 m² of warehouse space located to the north of Rotterdam and close to the airport.

The tenants are Intellian B.V., a satellite television company, Service Planet Rotterdam B.V., an information and communications provider, Albers Trading B.V., an electronics company, and Retif Holland B.V., a wholesaler of office products.

Mark McLaughlin, Valad's Head of Benelux, commented: "By securing these four new tenants and having the Trade Parc Matlinge asset fully let before its completion demonstrates the strength of the site's location and effectiveness of Valad's active asset management strategy."

The EIP fund is a European multi-let industrial fund investing in industrial estates in The Netherlands, France and Germany.

Source: Tavistock Communications

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