Fidelity International acquires light industrial property on Flight Forum Eindhoven

Fidelity International has acquired the light industrial property on Flight Forum 3846-3930 in Eindhoven for its Eurozone Fidelity Select Real Estate Fund.
The light-industrial complex with a total surface area of 19,000 m² was acquired for € 18.8 million in an off-market sale leaseback transaction. Stabilo leases the building back for a period of 15 years.

"The Dutch market and certainly Eindhoven, as the fifth largest city in the world Netherlands, is very interesting for investors investors. The property is on Flight Forum business park near the airport and is a multifunctional and high-quality building, "says Maarten Frouws, investment manager at Fidelity International. 'By the long-term lease agreement with a good tenant fits this defensive investment good with our investment strategy. With this latest acquisition the Fidelity Eurozone Select Real Estate Fund approaches a fund volume of approximately € 1 billion. On the short term we want our Dutch commercial further expand the real estate portfolio with offices, logistics and
mixed-use projects."

Fidelity was advised by Weebers, TLF Real Estate, SGS-Search and Deloitte Real Estate Tax.

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