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Sign in Sign up for a FREE subscriptionEuropa Capital and ARC acquire two Dutch light-industrial portfolios
Europa Capital, a pan-European real estate investment manager, and ARC Real Estate Partners have completed the acquisition of two light-industrial portfolios in the Netherlands on behalf of Europa Fund V’s recently launched Dutch Light-Industrial Platform (DULIP), for a total consideration of €35 million ($39 million).
DULIP, which will be managed by Europa Capital’s local partner ARC Real Estate Partners, has a total investment capacity in excess of €100 million ($111 million). DULIP will seek to capitalize on the growing occupational demand for light industrial assets, which is being driven by the growth of online retailing and a proliferation of SMEs close to major urban conurbations.
“DULIP has been created to provide institutional investors looking for attractive cash-on-cash yields with a diverse investment product,” said James Fortescue, partner at Europa Capital. “There has been a significant drop in the supply of light-industrial space in the Net
