Garbe and Union Investment acquire logistics turnkey development in Rotterdam harbour from Dudok Real Estate

Job Gompen -
Target Logistics turnkey development in Rotterdam harbour
Seller Dudok Real Estate
Advisory sell side Houthoff | Legal Advisory
Cushman & Wakefield | Commercial Advisory
Buyer Garbe Industrial Real Estate Netherlands
Union Investment
Advisory buy side Greenberg Traurig, LLP | Legal Advisory
PWC | Tax Advisory
Drees & Sommer Netherlands | Technical Advisory
DHS Real Estate Investment Management | Commercial Advisory
Date announced 2022-06-14
Data Room provider Virtual Vaults

Story:

GARBE Industrial Real Estate and Union Investment have acquired a 39,300 m² turnkey logistics project in Pernis, Rotterdam for €85 million in an off-market forward commitment transaction from Dudok Real Estate. The property was acquired for the "UII Garbe Logistik Fonds" vehicle jointly launched by United Investments and GARBE Industrial Properties in 2020. Dudok Real Estate's real estate portfolio has a strong logistical emphasis, focusing on the strategic expansion and development of large properties in promising locations suitable for road, water and air transport.

According to Garbe Industrial Real Estate Netherlands, the acquisition is an important step in its rapid growth strategy offering a comprehensive package of services in key logistics hubs around the country.

Source GARBE
Source Dudok Real Estate
Source Property EU