GARBE Industrial Real Estate has acquired a 23,000m² distribution centre in the IJsseloord business park in Arnhem in the eastern Netherlands via a sale-and-leaseback transaction. The asset was purchased on behalf of one of GARBE’s investment funds, GARBE Logistikimmobilien Fonds Plus II “GLIF+II”. The Arnhem transaction is the fourth in the Dutch market for the GLIF+II investment vehicle so far by GARBE Industrial Real Estate Netherlands. Since its start in 2021, the vehicle executed several transactions in the Netherlands in the logistics areas of Breda, Aalsmeer and Veenendaal, with a total lettable area exceeding 160,000m². The purchase price was not disclosed.
Louca Benders, Investment Manager at GARBE Industrial Real Estate Netherlands, said: “This modern asset is located directly next to the A12 motorway connecting the key cities in the Randstad conurbation in the Netherlands with the Ruhr industrial area in Germany. We have secured a strong tenant in a good building within a strategic location through this transaction and are confident that the property will generate a stable income for our investors.”
