Nuveen Real Estate has acquired an additional distribution center in Ridderkerk, The Netherlands, on behalf of its European logistics strategy.
The 27,000-square-meter (291,000-square-foot) industrial hub is currently under construction, due to be finished in mid-2021, and upon completion will be fully let on a 10-year lease to a European warehousing and distribution provider, Allround Cargo Handling B.V. The property is being built to a high specification to suit the tenant business and will achieve BREEAM certification, together with electric vehicle–charging points and the provision for solar paneling, highlighting key sustainability credentials.
Ridderkerk is located 20 minutes southeast of the city center of Rotterdam, within close proximity to the largest port in Europe. The well-populated areas of The Hague, Amsterdam and Utrecht, are easily accessed via multiple motorway connections.
James Ellis, senior investment manager at Nuveen Real Estate, comment
