German investment manager HIH Invest Real Estate has acquired a logistics property development in the Dutch town of Zwolle. Financial details were not disclosed. The acquisition took the form of an asset deal on behalf of HIH Deutschland+ Core Logistik Invest, an open-ended special AIF. The seller is Bouwbedrijf Aan de Stegge Twello. Construction work for the 23,009 square metres warehouse on Oldenburgstraat in the Hessenpoort trading estate is scheduled to start in March of this year and expected to be completed by December 2023.
The plan is to develop a plot of 34,000 square metres into 19,473 square metres of warehouse space, as well as 2,728 square metres of mezzanine space and 808 square metres for office and social areas. In addition, 24 HGV parking and 140 car parking spots will be created, with 22 of these to be equipped with EV charging stations. A photovoltaic system of 5,000 square metres - with the potential for further expansion - will be installed on the roof that will cover the entire electricity requirement of the property.
Source: propertyeu.info 7th February 2023
https://www.propertyeu.info/nieuws/HIH-Invest-acquires-logistics-development-in-Dutch-town-of-Zwolle/cd7c92db-4113-4372-a29f-074dbe078a99?utm_source=dlvr.it&utm_medium=twitter