Edmond de Rothschild REIM expands portfolio with EUR 70 million acquisition of four key industrial properties

24th January 2024

Edmond de Rothschild Real Estate Investment Management (“EdR REIM”) has acquired 4 properties with a market value of EUR 70 mln for its Euro industrial real estate strategy over the course of Q4 2023.

These acquisitions reflect EdR REIM’s conviction to invest in light industrial assets at strategic urban locations that benefit from strong occupier demand and rental growth.

  • Saint Priest / Lyon, 7,065 sqm across two building and six different tenants, fully leased
  • Augsburg / Munich area: 34,910 sqm with two different tenants, fully leased
  • Zwolle, the Netherlands: 6,363 sqm, fully leased
  •   Uden, the Netherlands: 16,276 sqm across two buildings, fully leased

After these four additions, the portfolio now consists of more than 50 properties across Germany, France and the Netherlands, with a market value of well over EUR 500 mln.

Theo Soeters (Head of Fund Management) says:

“We benefit from a situation where the portfolio generates solid and growing income, while there is equity and debt capital available to take advantage of repriced investment opportunities. We have observed a stabilization in yields in the second half of 2023 and believe that this is a perfect moment to buy high quality assets at strong and proven locations.”

EDR REIM is looking to continue to deploy capital in the industrial and logistics sector into 2024 as the underlying occupier demand remains strong, in particular in urban locations.

“The industrial and logistics markets in north-western Europe are fundamentally sound and strong, with low vacancy and limited new supply, while structural trends such as re- and near-shoring continue to support occupier demand”.

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The information contained in this document does not constitute an offer or solicitation to trade in any jurisdiction in which such offer or solicitation is unlawful or in which the person making such offer or solicitation is not qualified to act. This document does not constitute and should not be construed as investment, tax or legal advice, nor as a recommendation to buy, sell or continue to hold any investment. The Edmond de Rothschild Group shall not be held liable for any investment or divestment decision taken on the basis of the information contained in this document.