Edmond de Rothschild Real Estate Investment Management has acquired a light-industrial property in the Netherlands for the Edmond de Rothschild Euro Industrial Real Estate Fund. The property comprises a warehouse and an office space with a total LFA of 7,400m². The property was constructed in 1996 and extended in 2000. The asset is fully let to one tenant. The property is located at Lage Weide Utrecht and is one of the most centrally located business parks in the Netherlands. The purchase price was not disclosed.
Theo Soeters, Fund Manager at Edmond de Rothschild REIM, commented: “This acquisition fits perfectly within the fund’s strategy to acquire light-industrial assets on well accessible and urbanized locations with excellent transportation links.”