The logistics center is located between the ports of Rotterdam and Antwerp as well as the European hinterland and is a trimodal location that is not only well connected to the motorway network, but also benefits from an inland shipping terminal and a newly built freight yard ”, says Stephan Riechers, Head of Investment Management Logistics & Light Industrial at Union Investment.
The project is located in the “Greenport” business park. The development of a logistics property with a total rental area of 61,750 m² will be built by the end of the third quarter of 2022. Sustainability certification according to BREEAM “Good” is planned. The seller Hessing B.V., a leading specialist in the market for sliced fruit, vegetables and ready meals, is also the future tenant of the property with a 20-year lease.
The purchase is for a special logistics fund that Union Investment set up together with GARBE Industrial Real Estate last year. The parties have agreed not to disclose the purchase price of Union Investment | 2 the property. Union Investment was represented by 3Stone Real Estate, Dentons, Drees und Sommer and PwC. Hessing B.V. was represented by CMS and TLF Real Estate.