Deal News: Acquisition of logistics development site in Ridderkerk, Netherlands
AXA Investment Managers - Real Assets ("AXA IM - Real Assets") announces the acquisition of a logistics development site in Ridderkerk, the Netherlands, with consented planning for the development of a 24,000 sqm of Grade A logistics asset. The 36,250 sqm site has been purchased on behalf of clients and the development will be undertaken by the vendor Focus Invest B.V.
Benefiting from a strategic logistics location within the ring road of the city of Rotterdam and close to Rotterdam Harbour, the site has strong transport infrastructure with easy access to the A15 and A16 highways which link Rotterdam to Utrecht, Germany and Belgium.
Due to be delivered in Q4 2019, the completed asset will comprise 22,500 sqm of modern warehouse space and 1,500 sqm of office space.
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