Union Investment acquires logistics scheme from Hessing in Venlo, the Netherlands

Union Investment has acquired the “Greenfield” logistics project in Venlo, the Netherlands. “Due to its location and connectivity, Venlo is one of the most important logistics locations in Europe. The logistics centre is located between the ports of Rotterdam and Antwerp as well as the European hinterland and is a trimodal location that is not only well connected to the motorway network but also benefits from an inland shipping terminal and a newly built freight yard,” said Stephan Riechers, Head of Investment Management Logistics & Light Industrial at Union Investment.

The project is located in the “Greenport” business park. The development of a logistics property with a total rental area of 61,750m² will be built by the end of the third quarter of 2022. Sustainability certification according to BREEAM "Good" is planned. The seller Hessing, a leading specialist in the market for sliced fruit, vegetables and ready meals, is also the future tenant of the property with a 20-year lease. The parties have agreed not to disclose the purchase price of the property.

Source: Europe Real Estate

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