Edmond de Rothschild REIM acquires industrial asset in the Netherlands
Edmond de Rothschild Real Estate Investment Management has acquired a light-industrial property in the Netherlands for the Edmond de Rothschild Euro Industrial Real Estate Fund.
The property, Rutherfordweg 91–95, is located at Lage Weide Utrecht, one of the most central located business parks in the Netherlands, next to the recently acquired Rutherfordweg 75. Rutherfordweg 91–95 comprises warehouse and office space with a total leasable floor area of 7,400 square meters (80,000 square feet). The property was constructed in 1996 and extended in 2000. The asset is fully leased to one tenant.
Theo Soeters, fund manager at Edmond de Rothschild REIM, commented: “This acquisition fits perfectly within the fund’s strategy to acquire light-industrial assets on well accessible and urbanized locations with excellent transportation links.”
The fund has a core-plus risk profile and is aimed at institutional investors. At the moment, the portfolio consists of 15 as