Union Investment has sold a logistics portfolio comprising two assets in the Netherlands, for an undisclosed sum. A 35,000 sq m distribution center located at Bijsterhuizen 1127 in Nijmegen was sold to the tenant. A 64,000 sq m warehouse in Eindhoven was sold to Aviva Investors.
The contemporary warehouse property in Nijmegen was designed by local architect firm Schreven BV, constructed in 1997 and 2000, and its high standards include 10 – 14.5 meters clear height and up to 5,000 kg/sq m floor load capacity.
The Eindhoven facility is located withing the logistics distribution centre ‘Acht’ in Eindhoven, situated close to both the A2 and A67 motorways and the city’s international airport, whilst also leying adjacent to one of the main railroad arteries which provides direct access to the Rotterdam harbour.
3stone Real Estate, Savills, Freshfields and Drees & Sommer advised Union Investment. Aviva Investors was advised by M2 Real Estate, DLA Piper and Search.