M&G European Property Fund confirms leasing deal in Holland
The M&G European Property Fund has leased a total of 22,064 sq m to Apollo Vredestein, a subsidiary of Apollo Tyres, at a logistics complex in Enschede, Holland.
The property, Staalsteden 25, is situated on the A35 and located in the modern industrial area of De Marssteden.
The M&G European Property Fund, represented by Cushman & Wakefield Investors, was advised by DTZ Zadelhoff. Apollo Vredestein was advised by BCapital.
DTZ Zadelhoff has been retained to lease the remaining 11,800 sq m of vacant accommodation.
The M&G European Property Fund is co-managed by David Jackson and Rob Tidy of Prupim and was launched in 2006, with a mandate to invest in a diversified portfolio of assets in mature European markets outside the UK. It now has more than EUR800m in assets under management.
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