Intervest buys logistics site in Venlo
As part of the strategic expansion of its logistics portfolio in the Netherlands, Intervest Offices & Warehouses has acquired a portfolio of three existing buildings and an option for an additional plot of land in Venlo. This real estate can be used to develop a logistics site in the future.
The transaction was concluded as a sale-and-lease-back transaction with Welsi, which will keep renting part of the existing buildings for a period of five years. The three buildings were purchased for an investment amount of EUR 12.9 million, generating a gross initial yield of 6.2%.
The total surface area of the existing buildings is approximately 9,800 sqm of warehouse space and 1,970 sqm of office space. The buildings are now being used by several tenants active in the logistics sector. The property currently has an occupancy rate of 100%.
The site has trimodal access due to its location almost right next to the ECT rail terminal and at a short distance from the barge terminal, which is a unique asset compared to competing locations. (mw)