Freehold logistics warehouse purchase in 's Heerenberg for €24.0 million
In June 2019 the Company completed the acquisition of a freehold logistics warehouse in ‘s Heerenberg, The Netherlands, for a net amount of €24.0 million.
This is a freehold facility providing a high quality warehouse, cross dock and 40 loading bays covering almost 23,000 square metres. The total site size of 45,000 square metres offers expansion opportunities in the future.
The warehouse has an attractive income profile and is fully leased to third-party logistics operator JCL Logistics Benelux B.V., a wholly owned subsidiary of JCL Switzerland AG. The lease has a remaining term of over 12 years and is fully CPI indexed. JCL has a long history based in ‘s Heerenberg and provides services to its clients who produce bicycles and associated parts in Asia and the USA.
‘s Heerenberg itself is located close to the German border (Emmerich barge terminal) and has good accessibility to the A12 and A3 motorways with the A12 being the main connection between the port of Rotterdam and Germany. Other operators in the area include Main Freight and DSV.