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Union Investment buys logistics development in the Netherlands
Transactions - APRIL 13, 2021

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Union Investment buys logistics development in the Netherlands

by Released

Union Investment has acquired the Greenfield logistics project in Venlo, Netherlands, in a sale-leaseback transaction. The seller, Hessing B.V., a specialist in the market for sliced fruit, vegetables and ready meals, is also the future tenant of the property with a 20-year lease.

The parties have agreed not to disclose the purchase price of the property.

“Due to its location and connectivity, Venlo is one of the most important logistics locations in Europe,” said Stephan Riechers, head of investment management logistics & light industrial at Union Investment. “The logistics center is located between the ports of Rotterdam and Antwerp as well as the European hinterland and is a trimodal location that is not only well connected to the motorway network, but also benefits from an inland shipping terminal and a newly built freight yard.”

The project is located in the Greenport business park. The development of a logistics property with a total rental are

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