Barings has completed the purchase of a core portfolio of seven last-mile logistics assets situated in strong locations across the Netherlands. The seller is one of the Netherland’s specialised logistic and last-mile real estate developers. The newly built, pre-let assets range between 1,600 and 3,000m² in size and have been acquired for a total of €33.6m. The assets are well located throughout the Netherlands and feature excellent catchment areas, with between 300,000 and 1.1 million consumers within a 30-minute drive. The assets are leased to Jumbo, the second-largest supermarket chain in the Netherlands, and a European e-commerce company.
Robbert-Jan van Baal, Head of Real Estate Acquisitions for Benelux at Barings, said: “We are very pleased to have acquired these core last mile logistic assets in such strong locations in the Netherlands. This portfolio is considered by market participants the first ‘real’ last-mile logistics portfolio on the market in the country and has been built in line with the BREEAM Very Good standard, making them an excellent addition to a pan-European Core strategy."
Gunther Deutsch, Head of Transactions Europe and Managing Director at Barings, commented: “With last-mile logistics becoming more and more sought after, our on-the-ground expertise has made a clear and positive difference in securing these assets for a core strategy. We are very keen to expand our last mile/logistics/industrial portfolio across Europe in our destinations – The Nordics, Germany, UK, Italy, France Benelux and Spain. All risk sectors are of interest from value add to core including forward transactions and JV´s with developers.”
