Borghese sells new development in Zeewolde

Borghese Logistics sells new distribution centre in Zeewolde to Aberdeen Standard Investments

On November 2, Borghese Logistics signed a turnkey purchase agreement with Aberdeen Standard European Logistics Income PLC (ASELI), part of Aberdeen Standard Investments. The purchase is the third investment in the Netherlands for the rapidly growing European logistics property fund ASELI in less than a year.

Borghese Logistics started construction of the warehouse for Aalberts Intergrated Piping Systems at businesspark Trekkersveld III in August this year, see also press release dated 12 September 2018. Delivery is scheduled for May 2019.

The warehouse and its strategic location meet all the high quality specifications for logistics real estate (durability, quality and availability). The total gross floor area is approximately 36,250 m2, of which 35,000 m2 of operating space and 1,250 m2 of office space.

Rutger-Jan van Broekhoven, director of Real Estate Development at Borghese Logistics, explains: “We are proud that we can offer the quality and speed that suits a listed tenant. And at Aberdeen Standard Investments, which in our opinion is one of the top players of institutional investors”.

Evert Castelein, Fund Manager at Aberdeen Standard Investments: “We are very pleased about the addition of Zeewolde to ASELI’s logistics portfolio because of the high quality of both the property and the location and tenant. This sector fund (listed in London) has, since its launch in December 2017, acquired seven logistics warehouses in four different European countries. In the short term, a number of new objects are likely to be added here “.

Borghese Logistics was advised by CMS Derks Star Busmann. Aberdeen Standard Investments has been advised by M2 Real Estate (commercial), DLA Piper (legal) and Royal Haskoning (technical).

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