Habacker Holding Gmbh & Co. Kg sells XXL distribution center
One of the largest single asset deals in 2016 in Dutch logistics market
Habacker Holding GmbH & CO. KG has announced the completion of the sale of a redeveloped 63,363 sq m XXL distribution center in Oostrum-Venray (Witte Vennenweg 1) to Exeter Property Group Europe. The property is fully leased to logistics service provider DSV, which has recently agreed on a new long-term lease contract. The transaction volume amounted to approximately €36.2 million. It is one of the largest single asset deals in 2016 in the Dutch logistics market.
Oostrum is an essential hub for the operational activities of DSV. The company serves several major shippers from this location and makes great use of the multimodal services in the Venray vicinity and road networks towards the European hinterland.
Michiel Assink, Senior Director Industrial & Logistics at CBRE: “Tenants, developers, and investors alike are focusing more than ever on these type of strategic logistics hubs. As a result, the supply of land as well as existing properties suitable for large scale strategic multimodal locations in The Netherlands are becoming more scarce, what inevitably leads to a tighter market.”
Habacker Holding GmbH & CO. KG was represented by CBRE during the sales process. Van Doorne NV advised on legal matters. Exeter Property Group Europe were advised by Proptimize and Loyens & Loeff.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.