Edmond de Rothschild REIM acquires light-industrial asset in Oss, the Netherlands

by   CIJ News iDesk III
2021-09-17   09:47

Edmond de Rothschild Real Estate Investment Management has acquired a light-industrial/logistics asset in a sale and lease back transaction with Meubitrend. The asset is located at Grevelingenmeer 9 in Oss, The Netherlands. The asset is acquired for the Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF).

The property is located on the De Geer Business Park, a multi-modal logistics hotspot close to the A50 and A59 motorway towards Eindhoven, Den Bosch and Nijmegen. Meubitrend will lease back the entire property and is a producer and distributor of high-quality furniture. The light-industrial and logistic complex comprises three separate units standing on a 35,000 sqm site. It provides 20,600 sqm of lettable area of which 17,250 sqm are warehouse and 3,350 sqm are showroom- and office space. The purchase was handled by Edmond de Rothschild REIM’s Dutch team, advised by Colliers, VBC Notarissen and Hollis Global. The seller was advised by HRS Bedrijfsmakelaars (Dynamis) and LXA Advocaten.

Robbert Bakhuijsen, Head of Investment Benelux at the Edmond de Rothschild REIM in Amsterdam, explains: "This acquisition represents a strategic expansion of the fund and provides us with the opportunity to further upgrade the asset in the future. It fits perfectly in the fund’s strategy to acquire light-industrial assets on well accessible and urbanized locations with excellent transportation links.”