Aviva Investors Real Estate France, a subsidiary of Abeille Assurances, formerly Aviva France, has acquired on behalf of one of its clients, a core logistics asset in Apeldoorn, Netherlands. The acquisition was carried out as a sale and lease back agreement a wholesale company specialized in heating, plumbing and parts.
The asset is a high-quality logistics warehouse built in 2016 and extended in 2020. It comprises approximately 26,600 sq m of lettable space, offering good technical specifications and a BREEAM Excellent environmental certification.
The logistics asset is part of the energy-efficient Ecofactorij Business Park of Apeldoorn, conveniently located at the junction of the A1 and A50 motorways, within a one-hour drive from Amsterdam and the German border: this central location in the Netherlands allows for good connectivity, whether for national or transborder connections, as Apeldoorn forms the heart of the 'A1 corridor' logistics region and is prominently located as a hub on the logistics axis to North and Central Germany.
Grégoire Bailly-Salins, Head of Transactions Europe at Aviva Investors Real Estate France comments: “The acquisition of this high-quality warehouse, long-term leased to a solid covenant, with a strong connectivity to the Ruhr area, Eastern Europe and the Randstad, allows us to further establish our presence in the Netherlands, one of Europe’s most established logistics location”.
Niek Poppelaars, Co-Head Logistics & Industrial at Savills in the Netherlands, says: “The demand for logistics space has been rising for many years. Despite the uncertainty due to COVID-19 and the Russia-Ukraine conflict, the logistics sector continues to operate, driving higher demand in the user market. This is being confirmed by this transaction. We are pleased to have been able to advise the seller on this transaction.”
Aviva Investors Real Estate France was advised by NewGroundLaw, Drees & Sommer and Cushman & Wakefield. The seller was advised by Simmons & Simmons and Savills.