Savills IM and Vestas sell Dutch industrial hub for €105m

Savills Investment Management has completed the sale of DSV Venlo, a core logistics asset in the main logistics hub in the Netherlands.

The transaction was completed on behalf of Vestas Investment Management for a total of €105 million ($114 million).

The asset comprises 103,000 square meters (1.1 million square feet) and was acquired by Vestas in 2018 in a sale-leaseback transaction from DSV, the Dutch logistics company, immediately following construction.

The tenant originally signed up to a 10-year lease but has since extended its occupation due to the importance of this location for its logistics network in the Netherlands.