Edmond de Rothschild REIM sells industrial asset in The Hague

Edmond de Rothschild Real Estate Investment Management (REIM) has sold an industrial asset at Linge 2, The Hague, on behalf of the Orange Industrial joint venture.

The asset has a total lettable floor area of approximately 12,672 sq m and is located on the Forepark business park, a strategically well-located area near the Prins Clausplein, between the A4, A13 and A12 motorways. The building is leased to Sligro on a long lease.

Onno Scheij says: “With the sale of this asset within six months after acquisition we divested the only core investment from the, mainly, value-add portfolio. The investment strategy remains to acquire value-add existing and to-be-developed industrial and distribution assets throughout the Netherlands.”

Orange Industrial invests in industrial and logistics real estate near urban areas and in distribution centres and pursues the addition of value through active asset management and investments into regeneration and sustainability.

Edmond de Rothschild REIM was advised on this transaction by Lexence on legal and by real estate agent Savills on the sales process.