GARBE Industrial Real Estate has acquired a 71,000m² logistics development in the vicinity of Breda, a logistics ‘hotspot’ close to the Belgian border, for around €70m. The final transaction price is contingent on occupancy at completion and handover by the developer/builder Bouwbedrijf Vrolijk in early 2022.
The highly sustainable state-of-the-art logistics facility lies close to the A16 motorway which links the northeast of Rotterdam to the Belgian border near Hazeldonk. The asset comprises four units, making it suitable for single or multi-tenant use. Two of the units, totalling approximately 25,000m², are let to BCT Treehub on a long-term lease. The logistics warehouse is the first asset to be developed at the Business Centre Treeport (BCT), a 62-hectare business park created to foster and boost collaboration in the tree cultivation sector in the surrounding Rijsbergen area. The region is one of the leading locations in Europe for arboriculture.
Maurits Smit, Managing Director GARBE Industrial Real Estate Netherlands, said: “Very high demand for warehouse space in the Dutch logistics market is being met by insufficient new high-quality supply, resulting in rental growth and ongoing yield compression. The asset we have acquired near Breda is located in one of the top logistics ’hotspots’ in the Netherlands, with excellent accessibility to the major ports of Rotterdam and Antwerp and the entire Benelux region. Owing to the lack of available space in the region we anticipate rapid tenant uptake of the remaining units in the coming months.”
