Purchase | 106,000 sqm logistics “Gateway”portfolio | PGIM – DHS Real Estate

PGIM Real Estate has completed the acquisition of a 106,236 sq m Grade A logistics portfolio comprising two properties in Rotterdam and Dordrecht, on behalf of its European core strategy. The properties were bought from Dordrecht-based logistics developer Dudok Real Estate.

The Rotterdam asset is located on a 84,470 sq m leasehold plot on the Maasvlakte, a 2,000-hectare extension of Europe’s leading port developed for clearing the world’s largest cargo vessels and the first point of contact for Europe’s transportation corridors. The Dordrecht property is situated on a 71,219 sq m freehold plot within the new ‘Distripark Dordrecht’ business park, just 20 km south-east of Rotterdam city center. Both warehouses  have Grade A specifications, are equipped with solar panels, LED lighting and have BREEAM ‘very good’ certification. The Dordrecht distribution park is targeting energy-neutral operations.

Dudok Real Estate was advised by Houthoff (legal) and Cushman & Wakefield Netherlands (commercial). PGIM Real Estate was advised by DHS Real Estate Investment Management (asset manager), Clifford Chance (legal), Hollis (technical) and De Lobel & Partners – real estate experts – (commercial).