Edmond de Rothschild Real Estate Investment Management has acquired a light-industrial/logistics asset in a sale and leaseback transaction with Meubitrend. The asset is located at Grevelingenmeer 9 in Oss, The Netherlands. The asset is acquired for the Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF).
The property is located on the De Geer Business Park, a multi-modal logistics hotspot close to the A50 and A59 motorway towards Eindhoven, Den Bosch and Nijmegen. Meubitrend will lease back the entire property and is a producer and distributor of high-quality furniture. The light-industrial and logistic complex comprises three separate units standing on a 35,000m² site. It provides 20,600m² of lettable area of which 17,250m² are warehouse and 3,350m² are showroom- and office space.
Robbert Bakhuijsen, Head of Investment Benelux at the Edmond de Rothschild REIM in Amsterdam, commented: "This acquisition represents a strategic expansion of the fund and provides us with the opportunity to further upgrade the asset in the future. It fits perfectly in the fund’s strategy to acquire light-industrial assets on well accessible and urbanized locations with excellent transportation links.”