Propertize, advised by Savills, has sold a warehouse property, located at Bosporusstraat 10 on the Maasvlakte in Rotterdam, to Clarion Partners Europe. The building comprises 47,500m² in total, divided into four units. The property is strategically situated in the port of Rotterdam, and new lease agreements have been signed with tenants Odin Warehousing & Logistics and Nippon Express. Following these transactions, the property is fully let. The purchase price was not disclosed.
Niek Poppelaars, Co-Head Logistics & Industrial at Savills in the Netherlands, explained: “The Maasvlakte area in Rotterdam is very active, confirmed by the development of the Polymer Hub Rotterdam and the expansion of the warehouse of Nippon Express at the Dardanellenstraat. In addition, various new developments will soon be launched at the new Distripark Maasvlakte West. This will considerably expand the warehouse capacity in Europe's most important container hub.”
Corne Valk, Senior Consultant Investment at Savills in the Netherlands, added: “The strategic location in the port of Rotterdam near the ECT Delta Terminal and the excellent connections by road and rail make this a unique property. The vital importance of the logistics sector has become even more apparent in recent months, and it is also proving to be one of the most resilient real estate sectors during this crisis.”
