Savills Investment Management (IM) has invested €46.9m in the Netherlands behalf on behalf of its European logistics fund. The international real estate investment manager, on behalf of European Logistics Fund 3 (ELF 3), has bought the newly constructed distribution centre near Amsterdam from VDG Real Estate. The 23,650sqm asset in the Schiphol Trade Park is 60% let. Savills IM said the latest deal is the fourth purchase in the Netherlands made for the ELF 3 fund since its launch at the end of 2019. The other purchases include one in Den Bosch, North Brabant, and two in s’Heerenberg and Wijchen in Gelderland.
Savills IM provide a full range of services across our extensive network of 17 offices across 13 countries, ranging from transactions and asset management to debt origination and investor relations to research and risk management. Wholly owned by Savills, the leading real estate services group, and benefit from the balance sheet, deal flow and in-depth, real-time market knowledge of a London Stock Exchange–listed firm. Focused on driving net operating income – the bedrock of property performance – through diligent purchasing, active asset management and maximising performance through structuring. Investors access to a wide range of real estate investment opportunities, including through both direct and indirect routes, including pooled funds, managed accounts, debt and special situations.