Transactions - NOVEMBER 16, 2020

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PGIM Real Estate makes first Netherlands acquisition for European core strategy

by Released

PGIM Real Estate has made its first acquisition in the Netherlands on behalf of the investors in its European core strategy. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial.

It has acquired a modern 20,918-square-meter (225,159-square-foot) warehouse property with 68 parking units in the Dutch city of Eindhoven, the fifth-largest city in the Netherlands. Located close to Eindhoven Airport, the area is a strong logistics hotspot in the country — ideal for last-mile operations for supermarkets and parcel delivery groups.

The warehouse is fully let to one of the world’s leading logistics companies. Logistics is a key industry for the Dutch economy, as investor allocation to the sector is on the rise due to the favorable landscape of the rental market alongside the expected growth in production, export and ecommerce.

PGIM Real Estate’s first acquisiti

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