GARBE Industrial Real Estate has acquired its second logistics development at the Green Square Business Campus in Aalsmeer, a new high-end mixed-use development located close to Amsterdam’s Schiphol Airport in the heart of the Dutch flower industry. The approxiately 16,500m² property was purchased on behalf of one of GARBE’s investment funds from Green Square Logistics IV B.V. via an off-market, forward-funding transaction.
Maurits Smit, Managing Director GARBE Industrial Real Estate Netherlands, said: “This is our second investment at the Green Square Business Campus which is emerging on one of the few greenfields near Amsterdam’s Schiphol Airport at an exceptionally well-connected logistics location. The business park caters to companies active at the high end of the ornamental floriculture sector as well as manufacturing companies and traditional logistics, and we are confident we will find tenants for this speculative development given the shortage of modern, sustainable warehouses in this market.”
Amsterdam’s Schiphol Airport is one of the leading logistics locations in the Netherlands where land is very scarce. The Green Square Business Campus is a five-minute drive away from the airport, while the A4 motorway offers a direct connection to the ports of Rotterdam and Amsterdam.
The scheme is being constructed on a 19,817m² site and will comprise a 11,711m² warehouse, 3,483m² of mezzanine space, and a 1,315m² office. It is scheduled for delivery Q2 2023. GARBE’s first logistics development at the campus is scheduled for completion in October 2022. The ambition of Green Square Business Campus in Aalsmeer is to develop the 17 hectares area to a high-quality centre area. Developer Dutch City Development collaborates with Green Park Aalsmeer Area Development to grow the area to a mixed-use park with offices, a hotel, leisure facilities and logistics.
Robèrt Verheijden, CEO of Dutch City Development, commented: "GSBC will be an unprecedented sustainable work location. In addition to a mix of sustainable buildings, we will also realise a climate-adaptive and biodiverse public space with plenty of residential quality".