Edmond de Rothschild REIM acquires industrial asset in Amsterdam
Amsterdam. Edmond de Rothschild REIM has purchased an industrial property through a sale and leaseback transaction with TIMTEX Transport. The property is located at Marifoonweg 2 in Amsterdam and was acquired for the Edmond de Rothschild Euro Industrial Real Estate Fund.
Marifoonweg 2 is an industrial complex of around 12,350 square metres of office and industrial space. The property was built around 1999 and is strategically located on Sloterdijk, near to the city’s ring road and the centre of Amsterdam. Tenants of the complex include TIMTEX Transport.
Robbert Bakhuijsen, Head of Investments at Edmond de Rothschild REIM: "This acquisition is a strategic expansion of the fund in one of the fastest growing cities in the Netherlands. This fits with our ambition to focus on light-industrial and last-mile logistic assets in urbanised areas with excellent accessibility."
Edmond de Rothschild REIM was advised by VBC Notaries and Hollis Global. The seller was advised by 1530 Real Estate.
The Edmond de Rothschild Euro Industrial Real Estate Fund has a core+ risk profile and targets institutional investors. Currently the fund consists of 22 assets with a total value of approximately EUR 130 million.
The open-end fund is domiciled in Luxembourg in the form of an FCP-RAIF. Pancura S.A. is the Alternative Investment Fund Manager (AIFM) and Aztec Group is the Central Administrator.
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.