Valor Real Estate Partners and QuadReal Property鈥檚 European logistics investment partnership has acquired a newly developed logistics asset in the Netherlands from Van Dijk Groep.
Financial details were not disclosed.
The 6,000sqm property in Hoofddorp, completed in the third quarter of 2024, is fully leased to Kerry Logistics for a seven-year term.
Matthew Ganas at Valor Real Estate Partners said: 鈥淭his 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.
鈥淭he investment鈥檚 appeal was further enhanced by the best-in-class nature of the real estate and local submarket supply dynamics, with a reduction of 145,000sqm of operational stock set to drive strong future rental growth.鈥�
Thomas Blangy, SVP at QuadReal Property, said: 鈥淭his 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.鈥�
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