GARBE invests €40m in Dutch logistics scheme

GARBE invests €40m in Dutch logistics scheme

GARBE Industrial Real Estate has acquired the first logistics development at Green Square, in Aalsmeer, for €40m. The vendor is Dutch City Development. Green Square Logistics I comprises approximately 25,000m² and enjoys close proximity from Amsterdam’s Schiphol Airport and A4 motorway, which offers a direct 45-minute connection to the port of Rotterdam.


Green Square Logistics I is being developed to high sustainability standards and will target a BREEAM Very Good rating. Alternative energy sources to gas such as solar panels will be used and the building will be equipped with LED lighting and large triple-glazed windows to provide as much natural daylight as possible. The logistics development is scheduled for delivery in the fourth quarter of 2022 and, on behalf of GARBE, JLL and Bridgegap will commence shortly with leasing activities for the entire property.


Maurits Smit, Managing Director GARBE Industrial Real Estate Netherlands, commented: “Amsterdam’s Schiphol Airport is one of the leading logistics locations in the Netherlands where demand for high-quality logistics warehouses is very strong. The building is emerging on one of the few greenfields in the wider region and will cater to companies active at the top end of the ornamental floriculture sector as well as manufacturing companies and traditional logistics. Further warehouse developments are planned on this exceptionally well-connected business park alongside a hotel, offices and leisure facilities.”


Maurits Smit added: The architectural design of Green Square Logistics I is very appealing and the property will meet all the main contemporary sustainability requirements. This distribution centre is a valuable addition to our existing and fast-growing logistics real estate portfolio in the Netherlands.“

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