(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has acquired a newly-developed logistics warehouse in the Netherlands on behalf of one of its mandates.
The deal represents Aviva Investors’ third purchase of logistics assets in the region during the last six months, having acquired two institutional-grade logistics assets in Waalwijk and Waddinxveen in November last year.
The property was built integrating ESG criteria in its development, and is aiming to achieve a BREEAM rating of ‘Very Good.’
The building is located at Bosporusstraat 51 on the Distripark Maasvlakte within the port of Rotterdam, which is the largest port in Europe and one of the primary logistics hubs in the Netherlands. Consisting of two adjoining logistics buildings with accompanying office facilities, it has approximately 40,000 sq m of total lettable floor area.
Aviva Investors has purchased the property as a forward purchase from Euro-Rijn Group (‘Euro-Rijn’), letting to Rotterdam Polymer Hub BV, a subsidiary of Euro-Rijn, which has signed a long-term lease agreement for the entire facility to cater for its storage and distribution of polymers.
In December, Aviva Investors also announced its purchase of Keizersgracht 119 – 121 in Amsterdam, as it continues to build its portfolio of assets under management across key locations in The Netherlands.
George Fraser-Harding, Real Estate Investments, Aviva Investors, said:
“We are delighted with the acquisition of this logistics facility which expands on our existing presence in the Netherlands, one of Europe’s most established logistics hubs. Rotterdam is the largest transportation gateway to and from continental Europe, keeping this deal in-line with our desire to invest in strategically important locations as we look to build a strong and resilient European logistics portfolio. The property’s sustainability characteristics and flexibility of use also add to its overall appeal.”
Aviva Investors was advised by M2 Real Estate, DLA Piper and Royal Haskoning DHV. The Seller was advised by Cushman & Wakefield, Taylor Wessing and Designlogic.