Schroders Capital has acquired the leasehold grounds located at the business park 'GDC Noord' in Eindhoven. The asset comprises over 500,000m², divided over eight plots. Long-term leaseholds have been issued to companies with strong financial covenants resulting in a long-term secured inflation-linked income stream.
GDC Noord is an important multi-use logistics site along the A2 highway in Eindhoven in direct vicinity of Eindhoven Airport offering easy access to Dutch main ports and the surrounding borders of Germany and Belgium. The site is a popular operating base for logistics and industrial businesses. The ground lease contracts have an average remaining lease term of 76 years. With this acquisition, Schroders Capital is further expanding its logistics and industrial portfolio. The purchase price was not disclosed.
Pieter Akkerman Co-Head of Schroders Capital Netherlands, commented: “An acquisition of this size, lease tenure and in such a location is unique within the Dutch logistics market. This is certainly a premium location within the logistics sector – surrounded by main roads and close to Eindhoven Airport. With the international expertise of Schroders Capital, we will be able to continue to grow this strategy sustainably in the Netherlands, Germany and possibly other regions going forward.”
