Edmond de Rothschild Real Estate Investment Management (REIM) has sold an industrial asset at Linge 2, The Hague, on behalf of the Orange Industrial joint venture. The asset has a total lettable floor area of approximately 12,672m² and is located on the Forepark business park, a strategically well-located area near the Prins Clausplein, between the A4, A13 and A12 motorways. The building is leased to Sligro on a long lease.
Onno Scheij commented: “With the sale of this asset within six months after the acquisition we divested the only core investment from the, mainly, value-add portfolio. The investment strategy remains to acquire value-add existing and to-be-developed industrial and distribution assets throughout the Netherlands.”