Rockspring acquires multi-let industrial portfolio in the Netherlands for EUR67.1m
Rockspring Property Investment Managers, on behalf of TransEuropean Property Limited Partnership V fund, has acquired the Zander Portfolio, comprising 176,000 square metres of space across 11 multi-let industrial assets, from AXA Real Estate for a total consideration of EUR67.1m.
The 11 assets are all good quality properties located in the Randstad conurbation comprising Amsterdam, The Hague, Rotterdam and Utrecht.
The portfolio provides income diversity, being let to approximately 150 tenants.
Jo De Clercq, partner and head of transactions in Europe at Rockspring, says: “This transaction fits closely with TransEuropean’s focus on higher yielding quality assets across Europe. This is an excellent and well located multi-let industrial estate portfolio, offering strong, diversified income with the potential for rental and capital growth. With the right management from our team of specialists, we are confident that these assets will generate an excellent return on behalf of our investors.”
TransEuropean V is the fifth fund in Rockspring’s TransEuropean series. Launched in 2012 with an ability to invest EUR700m, the fund has been designed to enable investors to benefit from the re-pricing of the European property market and create a blend of core, high-cash-yielding core plus and value-adding real estate. To date, the fund has invested circa EUR500m in France, Switzerland, Germany, Sweden and the Netherlands.
Rockspring was advised by Caisson Investment Management on the transaction, while AXA Real Estate was advised by CBRE.
- By Category
- News from other sites