Valad Europe has sold a portfolio of 11 multi-let light industrial assets in the Amsterdam, Schiphol and Rotterdam districts in the Netherlands to Rockspring.
The deal was completed on behalf of the European Industrial Partnership (EIP).
Comprising approximately 250 units and with a total lettable area in excess of 175,000 sq m, the 11 assets are located close to the major industrial hubs of Amsterdam, Schiphol and Rotterdam. Among the 150 tenants across the portfolio are Federal Express Europe, Staples Nederland, Subaru Benelux and Douwe Egberts Professional Netherlands.
Mark McLaughlin, Valad Europe’s head of Benelux, says: “We are pleased to have completed the sale of the portfolio. Active trading of assets forms part of our value-adding strategy and our ability to do this is significantly enhanced by the strength of our local team who have the requisite skills and local knowledge about both the assets and occupier market.”
Valad Europe was advised on the sale by CBRE.