Edmond de Rothschild REIM acquires Blieswijk logistics property
Edmond de Rothschild Real Estate Investment Management has acquired a logistics property in the Netherlands for the Edmond de Rothschild Euro Industrial Real Estate Fund.
The property comprises a small logistics asset, constructed in 2008, which has a lettable floor area of 8,500 sq m. The complex is located at Spectrumlaan 5 in Bleiswijk on the PRISMA business park, close to the A12 motorway that links The Hague and Utrecht. The property is fully let to a single tenant.
René de Heus, Head of Investment Benelux at Edmond de Rothschild REIM, says: “This acquisition fits well within the fund’s strategy to acquire high quality logistics and light-industrial assets on well accessible and urbanized locations with excellent transportation links.”
Edmond de Rothschild REIM was advised by VBC Notarissen on legal and tax issues, by SGS Search on technical matters and by Hopman & Schreuders on commercial matters.
The Edmond de Rothschild Euro Industrial Real Estate Fund is open-ended and has a core plus risk profile. At the moment the portfolio consists of 14 assets with a total Gross Asset Value of approximately EUR 85 million. It aims to deliver to its investors an average net income return of more than 6 per cent per annum over a ten-year period.
The open-ended fund is domiciled in Luxembourg in the form of a FCP-RAIF. Pancura SA is the Alternative Investment Fund Manager and Aztec Group is the Central Administrator.