SEGRO Acquires €222 Million of Logistics Warehouses in the Netherlands [Yahoo! Finance]
FTI Consulting, Inc. (FCN)
Last fti consulting, inc. earnings: 4/30 07:30 am
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Source: Yahoo! Finance
logistics warehouses in The Netherlands for a total cash consideration of €222 million. Undertaken via three separate transactions, the assets are all in attractive locations and help to build on SEGRO's scale in a region which acts as a key logistics hub for Continental Europe, as well as the Dutch domestic market. They total 172,300 sq m of additional space and are in-line with SEGRO's investment criteria in terms of returns, location and quality, including: A 98,000 sq m modern logistics estate in Eindhoven, which was acquired from Nuveen. It was built in 2020 and is rated BREEAM In-Use ‘Good'. It consists of three units, currently fully leased to GXO and Rhenus. A 37,800 sq m newly-built logistics warehouse in Heerlen in the De Beitel industrial estate. It was acquired from VolkerWessels & Vestum and is rated BREEAM ‘Excellent'. It is currently leased to B&R Premium Logistics B.V., a third-party logistics company specialising in the soft drinks industry. A 36,500 sq m lo
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