Newport Logistics Fund has sold the first development from its first fund, achieving an internal rate of return of 20.3%.
The project, located just 30 minutes from Amsterdam and Utrecht, two of the most important cities in the Netherlands, has been completed and sold to the occupier, a global company, which will use the facility for its production and distribution.
The facility totals 23,420m2, comprising 19,666m2 of industrial space, 2,158m2 of office space and 1,596m2 of mezzanine space, with 258 parking spaces. Developed to meet BREEAM ‘Very Good’ sustainability standards, it reflects Newport’s commitment to creating future-proof, environmentally responsible assets.
The development aligns with Newport Logistics Fund I’s strategy of finding high-quality logistics facilities in core European markets. The property’s strategic location, with access to 12 million people within one hour’s drive, underscores the fund’s focus on investments in high-demand regions with strong connectivity and growth potential.
Szymon Ostrowski, Managing Director of Newport Logistics Fund, said: “We are delighted with the successful development and delivery of this project, ideally situated just a short distance from Amsterdam, the vibrant capital of the Netherlands. This facility not only exemplifies sustainable industrial design but also showcases the value of strategic investments in high-demand regions. As one of the standout projects of Newport Logistics Fund I, this milestone demonstrates the fund’s ability to deliver extraordinary returns for its investors.”
The success of this project was made possible through collaboration with the developer, Panattoni.
Image source - Newport Logistics Fund.
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