Savills Investment Management (“Savills IM”) has bought a portfolio of logistics assets in Netherlands on behalf of one of its international clients. With a total area of approximately 100,000 m² and a lot size of around €75m, it is one of the largest logistics portfolio deals in 2016. It comprises three units, all developed by HVBM Vastgoed.

Two of the three centres are located at Hazeldonk in Breda (near the border with Belgium) and are both let on 11-year leases to Lidl and Zimmer Biomet.

The third building is the recently completed new logistics centre at the Columbusweg in Venlo. The majority is let on a long-term lease to Biesheuvel Techniek, with the remainder leased to Janssen Distribution Services.

Jon Crossfield, Head of Strategic Partnerships at Savills IM comments:

“Following a number of purchases in Amsterdam and Moerdijk earlier this year for our own Logistics Fund, this is the first transaction in the Netherlands for one of our separate account clients. In an increasingly competitive market, we are delighted to have secured such long-term income and adds to the €200m of logistics acquired for the same client earlier this year across Europe. Further purchases are already in the pipeline.”

DTZ / Swiss Lake acted as broker on behalf of seller. Boekel kept on behalf of the seller's legal guidance. The buyer was legally represented by Loyens & Loeff.