Deka Immobilien logistics property

Deka Immobilien purchases logistics property in the Netherlands

Deka Immobilien GmbH has acquired a logistics property in Tilburg, Netherlands, for EUR 35 million under a sale-and-lease-back transaction. The property was sold by GVT Group of Logistics and will be added to the WestInvest TargetSelect Logistics sector fund for institutional investors.

The modern logistics property consists of two sections built in 2012 and 2016 and offers close to 38,000 m² of leasable space. The plot is around 65,000 m² in size and also includes 100 truck parking spaces and 150 car parking spaces. It is located in Tilburg’s largest logistic park Vossenberg, where many well-known logistics companies have located. Tilburg’s rail, water and road connections and its status as an important hinterland hub for the port of Rotterdam make it one of the most important logistics locations in the Netherlands. The property is fully leased under a long-term lease to Gebr. Versteijnen Transport & Logistics B.V., a subsidiary of the seller.

TLF real estate has advised DEKA.

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