Aviva Investors acquires two logistics assets in the Netherlands

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has acquired two institutional-grade logistics assets in the Netherlands from Delin Property, the European property developer and investor specialising in logistics real estate.

The assets, which together total 61,463 sq m, are located in Tilburg-Waalwijk and Waddinxveen, two major logistics hubs in both the Netherlands and Europe.

The asset in Waddinxveen, which comprises 44,143 sq m of logistics space, is located close to junctions with the A12 and A20 road networks, providing direct access to the Port of Rotterdam and the German hinterland, as well as Amsterdam, Utrecht and The Hague. Originally built in 2011, the asset is leased to a logistics service provider focused on food, beverages and retail.

The second asset is located in Tilburg-Waalwijk, which is considered the top logistics hub in the Netherlands due to its strategic location between the ports of Rotterdam and Antwerp. Constructed in 2014, this logistics building covers 17,320 sq m and is currently leased to a leading developer and supplier of mechanical-packaging technologies and systems for manufacturers and suppliers.

Daniel McHugh, Managing Director, Real Estate, Aviva Investors, said: “The Netherlands is one of Europe’s most established logistics locations and we are delighted to build our presence in such a significant market. Both facilities align well to our pan-European real estate investment strategy, occupying prime locations for distribution at both a national and international level.”

Tijs Derison, MD Benelux of Delin Property, stated: “Delin will look to recycle the proceeds from this transaction in order to grow our portfolio in The Netherlands further, in line with our strategy. We congratulate Aviva Investors with the acquisition of these two high-quality buildings located in two well-established logistics hotspots in the Netherlands.”

Aviva Investors Real Assets was advised by Savills and DLA Piper. Delin Property was advised by CBRE, CVO and CMS.