Edmond de Rothschild REIM acquires logistics asset at Amsterdam Airport Schiphol
Edmond de Rothschild Real Estate Investment Management has acquired a logistics facility at Amsterdam Airport Schiphol.
The facility at Fokkerweg 165-167 (Oude Meer), which is a multi-modal logistics hotspot with excellent transport links to the A4, A9 and N201, was acquired for the Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF) from Kroonenberg Groep. Totalling 4,355 sq m, it is let to R. Nagel, a transport company, and Ritra Cargo, a logistics company.
The acquistion was carried out by Edmond de Rothschild REIM’s Dutch team, advised by Wallstone Capital, CDL Real Estate, VBC Notarissen and SGS Search. Kroonenberg Groep was advised by Houthoff.
Robbert Bakhuijsen, Head of Investment Benelux at Edmond de Rothschild REIM, said: "This acquisition represents a strategic expansion of the fund in a desirable location close to Amsterdam Airport Schiphol. The asset fits perfectly with the fund’s strategy and 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.