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Sign in Sign up for a FREE subscriptionSavills IM acquires grade-A distribution center in the Netherlands
Savills Investment Management has acquired a modern grade-A distribution center in Veghel, the Netherlands, for its pan-European logistics strategy. The seller in the sale-leaseback transaction is Biotope B.V., the owner of the tenant Udea BV. The parties have agreed not to disclose the investment volume.
Built in 2019, the property comprises 32,250 square meters (347,136 square feet) of leasable space and meets or exceeds the requirements for a modern grade-A distribution center. It is fully leased to Udea BV for a period of 15 years.
The distribution center is located in the newly developed 70-hectare (172-acre) industrial estate De Kempkens in Veghel, around 20 kilometers (12.4 miles) from Eindhoven, the fifth-largest city in the Netherlands.
“Due to its established location, the long-term lease to a company in the food industry and the very good ESG criteria, the property fits perfectly into our pan-European logistics strategy, which focuses on high-qualit
