Aberdeen Standard inks two deals for €100m in the Netherlands

Aberdeen Standard Investments has completed two transactions in the Netherlands on behalf of clients for a total of €100 mln.

The asset manager, acting on behalf of its Aberdeen Standard European Logistics Income fund, has bought part of a newly realised distribution centre in Den Hoorn, near Delft, from logistics real estate developer and investor Delin Property and JV partner Van der Helm Logistics. The deal amount comes to nearly €50 mln.

The customised logistics property, built in accordance with the latest specifications for modern and sustainable storage, was commissioned to Delin Property by Goldbeck Nederland. It has a lettable floor area of 42,600 m2, including 572 m2 of office space. Since the delivery in December 2019, the centre has been fully let for a period of 10 years.

Tijs Derison, managing director Benelux at Delin Property said: 'In line with our strategy, we will reinvest the proceeds of this transaction and further expand our development pipeline and investment portfolio in the Netherlands.'

Delin Property and Van der Helm were assisted in this transaction by TLF Real Estate and CMS (legal). Aberdeen Standard Investments was advised by M2 Real Estate and DLA.

In a second acquisition in the country, Aberdeen Standard Investments has bought a fully leased office building in the Hague on behalf of an institutional mandate for a German pension fund. Completed in 2000, the Java office building was sold by Equity Estate for €50 mln.

The asset is entirely occupied by the Dutch Organization for Scientific Research (NWO) and provides 13,635 m2 as well as 176 parking spaces. It was bought by Equity Estate in 2017 from Fortress Investment Group.

Aberdeen Standard Investments was advised by JLL.


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