This marks the joint venture’s debut acquisitions since being formed in early 2022. The acquisitions comprise a total of 97,292 sq m of logistics space. The warehouses are fully leased to a range of occupiers involved in port-led distribution activities.

Douglas van Oers, Co-Head Logistics & Industrial at Savills in the Netherlands, says: "This first strategic acquisition by Boreal and Cadillac Fairview in the Netherlands underlines the strength of the Port of Rotterdam as a gateway to the rest of Europe."

Cushman & Wakefield acted for the vendor in Rotterdam and Savills represented Boreal.