MEAG has purchased two logistics properties in Alkmaar, the Netherlands, for a real estate fund: an existing refrigerated warehouse and a distribution centre that is to be built. The existing facility and development project were acquired as a package within a sale and lease back transaction.
The cold store, built in 2004, has 16,527 m² of leasable space. The planned new building will dispose over leasable warehouse and logistics floor space totalling 14,392 m² and is scheduled for completion in Q3 of 2022. Heembouw has been selected as contractor.
The tenant is the owner-managed food retailer Vomar, which has had its head office in Alkmaar for decades. Both logistics properties are in the immediate vicinity of the company headquarter, strategically located so as to always be able to quickly replenish the shelves at the round 94 Vomar supermarkets with fresh produce.
The investor is a MEAG logistics special fund with an investment volume of over 200 million euros, in which entities of Munich Re Group are invested.
MEAG is the asset manager of Munich Re and ERGO. With offices in Europe, Asia and North America it also offers its extensive know-how to institutional investors and private clients from outside Munich Re Group. MEAG currently
manages assets to the value of around €330 billion, €65 billion of which for institutional investors and private clients from outside the company group.
Source : MEAG