As part of the strategic expansion of its logistics portfolio in the Netherlands, Intervest Offices & Warehouses has acquired a portfolio of three existing buildings and an option on a land position in Venlo. This land position can be used to develop a logistics site in the future.
The transaction was concluded as a sale-and-lease-back transaction with Welsi, which will keep renting part of the existing buildings for a period of five years. The three buildings were purchased for an investment amount of € 12,9 million, generating a gross initial yield of 6,2%.
Attachment
- Acquisition logistics site in Venlo (https://ml-eu.globenewswire.com/Resource/Download/8b22e084-5539-4e50-8860-b68e6958ff8b)
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