Savills IM snaps up Schiphol shed for €47m

Dutch property investor VDG Real Estate has sold VDG Warehouse Schiphol I in Schiphol Trade Park to Savills Investment Management. The purchase price amounted to €47 mln.

The asset comprises a total surface area of 23,650 m2, of which Fast Forward Freight leases 13,600 m2 on a long-term basis. The remaining 9,600 m2 is still available for rent.

Unibouw started the construction of the sustainable warehouse in September 2020 and completed the building within 11 months in August 2021. In addition to VDG Warehouse Schiphol I, VDG Real Estate is developing VDG Warehouse Schiphol II. This adjacent development comprises 10,000 m2, of which 2,900 m2 is still available for rent.

Marcel Fleminks, co-head Netherlands at Savills Investment Management, said: 'This acquisition is an excellent addition to the fast-growing logistics portfolio of Savills Investment Management in the Netherlands.

'The multimodal accessibility and the extremely sustainable character of VDG Warehouse Schiphol I fits perfectly with our investment policy to create sustainable value for our stakeholders.'

Erik van Dijk, director of VDG Real Estate added: 'This exceptional warehouse, featuring uniquely multimodal accessibility near Schiphol airport, is extremely sustainable and nature-inclusive.

'The fact that Savills Investment Management has acquired the project underlines the interest in this new generation of logistics real estate, namely VDG Warehouse Schiphol I.

'Featuring, among other things, green roofs on different levels, green facades and special attention to the water cycle, this logistics asset offers possibilities for different biotopes. VDG Warehouse Schiphol I will also be certified BREEAM-NL Excellent.'

1530 Real Estate acted as advisor to VDG Real Estate, while CMS assisted VDG Real Estate legally. Savills Investment Management was advised by Dentons.


Latest news

Best read stories