Valor Real Estate Partners (Valor) has acquired, on behalf of its joint venture (JV) with QuadReal Property Group (QuadReal), a global real estate investment, operating and development company, a newly developed logistics asset, in Hoofddorp, the Netherlands, from Van Dijk Groep (VDG). It takes Valor’s portfolio in the Netherlands to c. 42,000m2, across three assets.
Completed in Q3 2024, the 6,000m2, Grade-A property is fully let to Kerry Logistics, a leading Hong Kong-based logistics firm, on a seven-year lease.
Hoofddorp is one of the most established logistics hubs in the Netherlands. The property is strategically located just 10-minute drive time from Schiphol Airport, 14-minute drive time from the Amsterdam A10 ring road and 12-minute drive time from Schiphol's main cargo terminal. The region has seen significant population growth, which is driving e-commerce demand, further increasing its desirability to 3PL and distribution occupiers.
Matthew Ganas at Valor, said: “This was a rare opportunity to acquire a Grade-A, mission critical asset, generating attractive day-one income and located on freehold land within the urban Amsterdam market, which is one of the dominant European e-commerce centres. The investment’s appeal was further enhanced by the best-in-class nature of the real estate and local submarket supply dynamics, with a reduction of 145,000m2 of operational stock set to drive strong future rental growth.”
Thomas Blangy, Senior Vice President at QuadReal Property Group, added: “This acquisition is in direct alignment with our long-term investment strategy which targets high-growth logistics hubs in key markets across Europe including the Netherlands. This latest investment brings the total square metres in our partnership with Valor to over 515,000.”
Image source - Valor.
Europe Real Estate — an overview of real estate developments in European countries.
