Aviva Investors has acquired two major logistics hubs in the Netherlands from real estate firm Delin Property for an undisclosed sum.
The assets total over 61,400 sqm of logistics space across two locations.
One hub, located in Tilburg-Waalwijk, is considered the top logistics hub in the country due to its location between the port cities of Rotterdam and Antwerp, the fund manager said.
The logistics building covers 17,320 sqm and is currently leased to a developer and supplier of mechanical-packaging technologies and systems for manufacturers and suppliers.
The second hub in Waddinxveen has direct access to the Port of Rotterdam, the German hinterland, as well as Amsterdam, Utrecht, and The Hague.
It is made up of 44,143 sqm of logistics space and is leased to a logistics service provider focused on food, beverages, and retail.
Daniel McHugh, Aviva Investors’ managing director for real estate, said: “The Netherlands is one of Europe’s most established logistics locations and we are delighted to build our presence in such a significant market. Both facilities align well to our pan-European real estate investment strategy.”
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