Aviva Investors Real Estate France, a subsidiary of Aviva France, and Fabory, a European specialist distributor of fasteners with over €200 million in revenue, announce the agreement on the acquisition of Fabory’s central warehouse in Tilburg, Netherlands, through a sale-and-leaseback structure. The investment has been made by Aviva Investors Real Estate France on behalf of one of its clients.
The deal covers six assets located in Kraaiven business park in Tilburg, where Fabory’s central warehousing activities are located, and which is considered one of the leading logistics hubs in the Dutch market.
This transaction builds on Aviva Investors Real Estate France existing presence in both the Tilburg region and the Netherlands logistics market more broadly, having completed the purchase of a warehouse in Eindhoven in June of this year. Aviva Investors Real Estate France’s portfolio under management in the Netherlands also comprises a logistics warehouse in the north of Rotterdam acquired speculatively in June 2020 and which was delivered in March 2021, a warehouse in the Distripark Maasvlakte within the port of Rotterdam and two institutional-grade logistics assets in Tilburg-Waalwijk and Waddinxveen acquired in November 2019.
The region is recognised for its highly favourable amenities for the logistics sector, offering easy access to water and rail terminals. In turn, these provide direct links to the major distribution ports of Rotterdam and Antwerp, which service the European market, as well as rail connections to China. The region is also home to Tilburg University, two universities of applied sciences (HBO) and three post-secondary vocational education centres (MBO), providing a pool of talent to the logistics sector.
Grégoire Bailly-Salins, Head of Transactions Europe, at Aviva Investors Real Estate France, says: “We are happy to have acquired these particular assets and to have agreed a sale-and-leaseback agreement with Fabory, which gives us exposure not only to a set of high-quality assets but also a strong tenant. Moreover, we are pleased to increase our presence in the Tilburg region of the Netherlands, which remains one of most established logistics locations in Europe and one of strategic importance to our pan-European real estate investment programme.”
Aviva Investors Real Estate France was advised by Savills, Drees & Sommers and Newground Law. Fabory was advised by Cushman & Wakefield and CMS.