Private investor sells logistics object in Oosterhout NB to TH Real Estate
29 november 2018
This crossdock asset is located in the business park Weststad in the city of Oosterhout, southern Netherlands, the cross-dock logistics hub was constructed in 2014, comprising c. 367,000 sq ft (c.34,100 sq m), across two units. The Grade A-building is fully let to global discount supermarket chain Lidl on a long-term lease, utilising the asset for storage and distribution of all `non-food´ products to its regional distribution centres and retail stores across Europe.
The location offers excellent connectivity to three major motorways, linking to Antwerp, Rotterdam and Utrecht, with the water and railway networks making this an attractive tri-modal hub. Schiphol Airport, the largest Dutch airport and third busiest in Europe can be reached in 35 minutes.
James Ellis, Investment Manager, at TH Real Estate, explains: “E-commerce and retail logistics are driving demand for quality space close to major population centres. Oosterhout is regarded as one of the logistics hotspots in the Dutch market, and with a flexible, modern-day building specification, the acquisition further enhances the core nature of the Fund with a stable income stream from a leading global retailer.”
TH Real Estate was advised by Malcolm Hollis on the technical and environmental due diligence. De Lobel & Partners ‘real estate experts’ acted as sell-side advisor. WTS and Houthoff/Linklaters acted as legal and tax advisors.
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