Edmond de Rothschild REIM acquires modern light-industrial asset in Etten-Leur
Edmond de Rothschild Real Estate Investment Management has acquired a modern light-industrial facility in Vossendonk, Etten-Leur, in the Netherlands.
The facility at Munnikenheiweg 63 (Etten-Leur) comprises a modern production and warehouse complex and is located at businesspark Vossendonk, a multi-modal logistics hotspot directly along the A58 and strategically located in between the ports of Rotterdam and Antwerp. The asset was acquired for the Edmond de Rothschild Euro Industrial Fund (EIREF) in a sale-and-lease-back transaction.
The asset comprises a freehold plot of c. 27,500 sqm, totalling c. 13,500 sqm LFA and is fully let to Kompak Nederland. This acquisition was carried out by Edmond de Rothschild REIM’s Dutch team, advised by VBC Notarissen. The Seller was advised by Cushman & Wakefield and Houthoff.
Robbert Bakhuijsen, Head of Investment Benelux at Edmond de Rothschild REIM, said: "With this acquisition we further diversify our fund with a core asset in a desirable location in West Brabant. It represents another strategic expansion of the fund and fits perfectly with the fund’s strategy. We will continue to acquire light-industrial and (small) logistics assets in accessible, urban locations with excellent transport links.”
The Edmond de Rothschild Euro Industrial Real Estate Fund, which has a core-plus risk profile, aims at providing stable distributions. The fund is structured as an FCP-RAIF domiciled in Luxembourg. Pancura SA is the Alternative Investment Fund Manager (AIFM).
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.