GARBE Industrial Real Estate Netherlands’ GLIF+II Fund has acquired a 38,106 square meter Maastricht logistics unit from DSV Solutions Nederland in a sale and leaseback deal.
The Maastricht logistics unit is at the Aviation Valley business park, near Maastricht Aachen airport and offers easy access to Germany’s Ruhrgebied and western industrial region.
It is fully let to DSV Solutions on a long-term lease and comprises a warehouse (31,542 square meters), a mezzanine (4,693 square meters), as well as an office facility (1,871 square meters). The asset has a BREEAM Excellent sustainability certification and an A+++++ energy label.
GLIF+II pursues a core/core+ investment strategy, focusing on logistics and light industrial properties, including developments in mainly Germany, Austria and also the Netherlands. The fund’s targeted volume is €1.0 billion. The open-ended GARBE Logistikimmobilien Fonds Plus II institutional fund is administrated by INTREAL.
Maastricht logistics unit provides excellent connectivity
Leyla Yildirim, Head of Investment Management at GARBE Industrial Real Estate Netherlands B.V., says, “Aviation Valley business park at Maastricht Aachen Airport provides excellent connectivity to the German Ruhr region, the Port of Antwerp-Bruges and the Randstad region. We believe that the acquisition fits perfectly into our strategy to acquire assets in the most strategic logistics hubs in the Netherlands and are happy to welcome this tenant, one of the industry leaders in its field, DSV Solutions Nederland B.V.”
The asset marks the 6 th acquisition in the Netherlands on behalf of GARBE’s logistics property fund GARBE Logistikimmobilien Fonds Plus II, following its launch in 2020.
Louca Benders, Investment Manager at GARBE Industrial Real Estate Netherlands B.V., says, “We look back on an efficient transaction amid the current challenging investment climate, characterized by factors such as limited investable capital and increased financing costs. The deal is part of GARBE’s ongoing growth strategy in the Netherlands, and shows that we are one of the market players still capable of serving the real estate market and its stakeholders.”
GARBE Industrial Real Estate Netherlands B.V. was advised by Lexence (Legal), Drees & Sommer (Technical), and EY (Tax). DSV was legally advised by Dentons.
