Europa Capital makes third Dutch logistics acquisition for core diversified income strategy
Europa Capital has completed the acquisition of a prime logistics warehouse near Eindhoven Airport from a private seller.
This represents Europa Capital’s third logistics acquisition in the Netherlands in the last 12 months on behalf of its core diversified income strategy, which is seeded with capital from Europa Capital’s principal shareholder, Mitsubishi Estate, and now has a combined value of over EUR200 million.
The property, which comprises 12,145 sq m, is fully let to five tenants and is situated immediately adjacent to Eindhoven Airport on an established business park.
The transaction, which grows the core diversified income portfolio’s to five assets across France, Germany and the Netherlands generating a total income to over EUR10 million, follows the acquisition of a 21,054 sq m logistics facility in Tilburg and a 49,658 sq m logistics warehouse in nearby Oss. Assets acquired to date also include multi-let office buildings in Paris and Munich.
The logistics and residential sectors remain the main focus of the investment strategy, which has an initial investment target of EUR500 million and is aimed at institutional investors from Europe, Asia and the Americas.
Andy Watson, Partner and Fund Manager at Europa Capital, says: “This is the fifth investment for our core diversified income strategy and the third property in the logistics market in the Netherlands, where we believe that strong occupational dynamics and increasing investor liquidity will benefit investors.”
Europa Capital was advised by Cushman & Wakefield and ARC Real Estate Partners.