Delin Capital Asset Management has completed the acquisition of a 26,000m² logistics distribution centre in Gilze, in the Tilburg-Waalwijk region of the Netherlands. The building is located on the A58 near Tilburg, one of the most prominent logistics locations in the Netherlands. The purchase price was not disclosed.
The company has closed a new flexible lease agreement with the current tenant, Sligro Food Group, the market leader in the Netherlands in foodservice. Additionally, in line with Delin’s strategy of enhancing real estate returns through managing a diverse portfolio of income-producing assets and development opportunities, the 4.9-hectare site has also been identified as having longer-term redevelopment potential.
Tijs Derison, Delin’s Managing Director Benelux, commented: “This is an exciting opportunity for Delin to secure attractive short term income from a site with longer-term redevelopment opportunity in one of the major logistics hotspots in the Netherlands.”