Edmond de Rothschild Real Estate Investment Management (EDR REIM) has acquired 8 light-industrial and small logistics assets in various transactions across the Netherlands, Germany and France. The transactions were all successfully completed in the third quarter and represent a total market value in excess of EUR 70 million.
EDR REIM launched its light-industrial and small logistics strategy in 2018. As a result of these acquisitions, the portfolio now consists of 39 assets in the Netherlands, Germany and France with a market value of EUR 400 million. The strategy is focused on accessible, urban locations with excellent transport links. These recent acquisitions reflect EDR REIM’s capabilities to further expand its investment strategy across multiple countries and ensure a solid diversification of the portfolio.
Theo Soeters (Head of Fund Management) said: “We have been able to acquire these assets because we have strong local teams with track record in the market. Our objective is to build a very diversified portfolio of assets that benefit from strong underlying occupier demand driven by structural trends and therefore provide stable and increasing recurrent income. These new assets fit perfectly with our strategy and we will continue to acquire light-industrial and small logistics assets in accessible, urban locations with excellent transport links across the various countries.”
You can now read the full press release at the link below