Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a modern Grade A distribution centre in Veghel in the Netherlands for its pan-European logistics strategy. The seller in the sale and leaseback transaction is Biotope B.V., the owner of the tenant Udea BV. The parties have agreed not to disclose the investment volume.
Source of photo: Udea BV
Built in 2019, the property comprises approximately 32,250 sqm of lettable space and meets or exceeds the requirements for a modern Grade A distribution centre with 12.20 metres of clear height, 5 t/sqm floor loading and 36 loading bays. It is fully let to Udea BV for a period of 15 years. The company is the market leader among organic wholesalers in the Benelux countries and supplies, among others, organic supermarkets, specialist retailers and catering businesses.
The property is characterised by very high energy efficiency and has a BREEAM “Excellent” certification. Almost 80 per cent of the energy consumed comes from renewable sources. Solar panels are installed on the roof, and the building also has water-saving sanitary facilities and several charging stations for electric cars and bicycles.
The distribution centre is located in the newly developed 70-hectare industrial estate “De Kempkens” in Veghel, about 20 km from Eindhoven. Eindhoven is the fifth largest city in the Netherlands and the largest city in the province of Noord-Brabant. Veghel is very well connected via the A 50 (Eindhoven-Nijmegen) and A 67 (Antwerp-Eindhoven-Duisburg) motorways. The site also has an inland waterway container terminal with connections to Maastricht, the port of Rotterdam and the North Sea.
Savills IM was legally advised on the transaction by Dentons and the technical DD was carried out by Savills, amongst others. The seller was commercially advised by BNP Paribas Real Estate.
Further properties in France and Germany are in advanced negotiations.