Edmond de Rothschild REIM acquires next Light-Industrial Asset in Utrecht
Amsterdam. Edmond de Rothschild Real Estate Investment Management has acquired a light-industrial property in the Netherlands for the Edmond de Rothschild Euro Industrial Real Estate Fund.
The property is located next to the two recently acquired properties Rutherfordweg 75 and 91-95. Rutherfordweg 51 comprises warehouse and office space with a total LFA of 8,300 sqm. The property was constructed in 1993 and is fully let to one tenant. The property is located at Lage Weide Utrecht and is one of the most central located business parks in the Netherlands. The seller is a private investor.
Theo Soeters, Fund Manager at Edmond de Rothschild REIM, commented: “By this third acquisition within 4 months we have gained a strong position in Utrecht Lage Weide. This acquisition fits perfectly within the fund’s strategy to acquire light-industrial assets on well accessible and urbanized locations with excellent transportation links.”
Edmond de Rothschild REIM was advised by VBC Notarissen on legal and tax side, Drees & Sommer on technical matters and by 1530 Real Estate on commercial matters.
The fund has a core plus risk profile and is aimed at institutional investors. At the moment the portfolio consists of 16 assets with a total GAV of approximately EUR 95 million. It aims to deliver to its investors an average net income return of more than 6% per annum over a 10-year period.
Edmond de Rothschild Euro Industrial Real Estate Fund is reserved exclusively for professional investors and might come with restrictions for certain persons and in certain countries. The fund does not guarantee or protect the capital invested, so investors may not recover the full amount of their initial capital invested even if they retain their units for the recommended investment period. Any investment in Edmond de Rothschild Euro Industrial Real Estate Fund involves exposure to certain risks and not limited to liquidity risk, concentration risk (Real Estate investments) and currency risk. Any investment in Edmond de Rothschild Euro Industrial Real Estate Fund may in any event only be made on the basis of documents and information that comply prevailing regulations.