SEGRO has completed an off-market deal to purchase 75,000m2 of sustainable logistics space in Oosterhout, Noord-Brabant from Weerts Group. The acquisition builds further scale in a region which acts as a key logistics hub for Continental Europe, as well as the Dutch domestic market.
The building was constructed in 2022. In line with the company’s Responsible SEGRO commitment to Champion low-carbon growth, it has BREEAM Excellent and EPC A++++ ratings, incorporates a 5.6MWp photovoltaic panel system, is fitted with 100 EV chargers (22% of the total parking spaces) and utilises smart technology to monitor and help reduce the occupiers’ energy consumption. It consists of four units, three of which are leased to fashion retailer Primark, and the fourth is leased to international health and beauty retailer A.S. Watson, which owns retail brands such as Superdrug, ICI Paris XL and Kruidvat.
It is c. 10km west of Tilburg where SEGRO already owns several assets and is extremely well located around key transport routes – just off the A27 motorway between Breda and Utrecht, and between the A59 and A58 motorways along the Rotterdam and Venlo corridor.
Eelco Ouwerkerk, Head of The Netherlands, SEGRO said: “Following our acquisitions of high-quality warehouse facilities in Noord-Brabant and Limburg earlier this year, this purchase further cements our conviction that the south of the Netherlands is a key logistics market. It is important to us that when we invest in new assets or development opportunities that they not only represent excellent commercial opportunities but that they align with our Responsible SEGRO ambitions to champion low-carbon growth. This asset does both with strong potential returns and impressive sustainability credentials.”
SEGRO was commercially advised by JLL. Its technical advisor was SGS Search and its legal representation was provided by Stibbe.
Written by Leon Goldwater for Europe Real Estate.
Image provided by FTI Consulting.
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