Cording advises TH Real Estate on logistics purchase in Waddinxveen, NL

31 July 2017

TH Real Estate, advised by Cording Real Estate, has purchased a logistics development at LogistiekPark A12 in Waddinxveen, Netherlands, for ‘ELOF European Logistics Fund’, its open-ended German special alternative investment fund. The property has been purchased from VolkerWessels, a listed Dutch construction company.

In addition to advising on the acquisition, Cording Real Estate has been appointed by TH Real Estate as asset manager for all future acquisitions with respect to ELOF and has been retained as the exclusive partner for sourcing logistics deals in the Benelux.

Construction of the 19,500 sq m warehouse in Wadddinxveen will begin in September 2017, with completion scheduled for the second quarter of 2018. Eoasta B.V., the importer, packer and distributor of organically grown fresh products, has been secured as the tenant for the property on a 15-year lease.
 
The property is being constructed by VolkerWessels to the highest standards with a special feature being an innovative plastic roofing, designed to harvest rainwater for use in surrounding greenhouses. The design also allows for the option to install solarpanels.

More on the A12 LogistiekPark
http://www.logistiekparka12.nl/

Photocredit: Volker Wessels


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