Warburg-HIH Invest Real Estate has acquired a logistic property in Bleiswijk near Rotterdam for Korean investors led by Midas International Asset Management and NH Investment & Securities. The property was sold by a joint venture between the investment manager USAA Realco Europe, the European subsidiary of USAA Real Estate, and Dutch developer Somerset Capital Partners.
The property is let in its entirety to Zalando, Europe’s leading online platform for fashion and lifestyle. The site occupies a plot area of 250,000 square meters (2.7 million square feet) and includes approximately 1,200 parking spots. The completed building will have a gross leasable area of 140,000 square meters (1.5 million square feet), including about 12,000 square meters (129,167 square feet) of office space. This will make it the largest single-tenant logistics property in the Netherlands. As a result of the high sustainability standards that the property meets, the building is expected to receiv
