Clarion Partners Europe has completed the acquisition of a 39,363m2 institutional quality logistics warehouse in Helmond, the Netherlands, for €49.7m from Dutch developer Next Level.
The BREEAM Very Good certified property, which was constructed in 2022 and is suitable for single or multi-tenant use, is fully let to a global wholesaler.
Located near the centre of Helmond, a fast-growing logistics and industrial hub 15km east of Eindhoven, the property benefits from an excellent arterial network, with the nearby N270 connecting Eindhoven and Venray and the easily accessible A67 connecting Belgium and Germany.
Rory Buck, Managing Director at Clarion Partners Europe, said: “The fundamentals underpinning the logistics rental growth story in the Netherlands remain compelling, with very low vacancy rates and a limited development pipeline. Our ability to provide deal execution certainty during uncertain times is enabling us to maintain our deployment momentum across our high conviction markets.”
Neli Mihova, Vice President at Clarion Partners Europe, commented: “This is a highly sustainable, institutional quality property, that benefits from its proximity to over 18 million people within a 100-kilometre radius. With significant day one reversion, this asset is perfectly aligned with our investment strategy for the Netherlands.”
Clarion Partners Europe was advised by Loyens & Loeff (legal). Next Level was advised by TLF Real Estate (commercial) and Houthoff (legal).
Image provided by FTI Consulting.
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