Edmond de Rothschild REIM acquires logistics portfolio in the Netherlands
Edmond de Rothschild Real Estate Investment Management has acquired the Triton Portfolio in the Netherlands which contains four logistics assets in Eindhoven, Tiel, Helmond and Waddinxveen on behalf of its Edmond de Rothschild Euro Industrial Real Estate Fund.
The assets are very well located at the top logistic hotspots in the Netherlands. The portfolio consists of c. 79,000 sqm LFA leased to tenants such as Lekkerland Nederland, ModeXpress and Vonk & Co.
Robbert Bakhuijsen, Head of Investment Benelux at Edmond de Rothschild REIM, said: "This acquisition represents a strategic expansion of the fund in very sought-after locations in the Netherlands. This portfolio offers an excellent mix of recurrent income and potential to add value by investing in the buildings and increase occupancy. Therefore, it perfectly fits with the fund’s strategy that is looking to grow after the successful fund raising at the end of last year. We will continue to acquire light-industrial and (small) logistics assets in accessible, urban locations with excellent transport links.”
The acquisition was carried out by Edmond de Rothschild REIM’s Dutch team, advised by Dentons Europe and Hollis Global.
The Edmond de Rothschild Euro Industrial Real Estate Fund has a portfolio of more than 30 assets in the Netherlands, Germany, and France with a market value in excess of EUR 300 million. The fund aims at further growing the portfolio, providing stable recurrent income to its investors and the potential to benefit from the long-term potential growth of the sector. The fund was launched in December 2018 and is open ended. It is structured as an FCP-RAIF domiciled in Luxembourg.
The Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF) is exclusively reserved for professional investors and may be subject to restrictions for certain persons and in certain countries. The Fund does not guarantee or protect the capital invested, so that investors may not get back the full amount of their capital, originally invested even if their units are held for the recommended investment period. Any investment in the Fund is associated with certain risks, not limited to liquidity risk, concentration risk (investments in real estate) and currency risk. Any investment in the Fund may only be made on the basis of documents and information that comply with the applicable regulations.