German fund manager Deka Immobilien has acquired a logistics project near Rotterdam, the Netherlands, for more than €80 mln.
The property was sold by Dutch real estate developer Dudok Real Estate. It will be added to the portfolio of the Deka-ImmobilienEuropa open-ended real estate fund.
The new building covers almost 37,000 m2, containing a logistics warehouse and an office block that are interconnected by an overground bridge. There are also 150 parking spaces available. The project is located in Alblasserdam, an established logistics site that constitutes an eastern extension of the port of Rotterdam.
The property has been completed in the fourth quarter of 2023 and is fully leased to Peute Recycling on a long-term basis. The building will be delivered and certified as Very Good under BREEAM In-Use.