AEW Europe has announced the acquisition, on behalf of the LOGISTIS Fund, of a 250,000m² land plot located in the heart of Schiphol International Airport, Amsterdam, from Chipshol, a private Dutch real estate firm.
This transaction marks the first step in the development of an approximately 100,000m² logistics park comprising three buildings, the construction of which is anticipated to commence upon building permit approval. The park will offer large truck maneuvering areas as well as ample truck and car parking. LOGISTIS will develop the park alongside its local partner, Borghese Logistics, which was appointed following a competitive tender process for specialist Dutch logistics developers.
Strategically located on the edge of the airport’s Aalsmeer runway and at the junction of the N201 and N232 roads, the park will become one of LOGISTIS’ flagship Dutch logistics properties. Following the recent purchase of the 50,000m² Schneider Electric logistics platform in Helmond, Eindhoven, and the 18,000m² Riviera Maison asset on the Amsterdam harbor, this is LOGISTIS’ third acquisition in the Netherlands in 2015.
Rémy Vertupier, fund manager LOGISTIS, said: “This transaction highlights AEW Europe’s teams’ capacity to source investments at a very early stage and to thus develop large scale logistics parks in prime locations. This strategy, which has been part of the LOGISTIS history since the Fund’s inception in 1999, enables us to aim for durable value creation for our investors.”
AEW Europe was one of the first real estate asset and investment managers to offer a specialist logistics fund in 1999. It has since built up the LOGISTIS portfolio of grade-A logistics assets to more than 1.8 million m² in France, Italy, Spain, Benelux, Germany and central Europe.
AEW Europe was advised by Loyens & Loeff.
