Europa Capital, the pan-European real estate investment manager, and ARC Real Estate Partners announce that they have completed the acquisition of a light industrial portfolio, comprising six buildings in the Netherlands from Looije Properties, on behalf of Europa Capital’s Fund V’s Dutch Light-Industrial Platform (“DULIP” ).
This portfolio, which totals c.29,000 sq m, is 97% let to approximately 48 tenants with an average WALT of 3.5 years. The properties are situated close to strong urban locations, including Dordrecht, Berkel en Rodenrijs, Heijningen, Zwijndrecht and Venlo.
The acquisition increases the number of assets in DULIP to 26, growing the Platform’s AUM to over €50 million. Accordingly, the Platform now comprises circa 85,000 sq m of lettable space.
The Platform, which is managed by Europa Capital’s local partner ARC Real Estate Partners, targets investments in locations where there is strong occupational demand for light industrial space due to the rise of ecommerce and businesses looking to locate close to major urban areas.
Pic : the building in Dordrecht
Source : Europa Capital