Principal Asset Management, through its dedicated real estate investment team, has acquired 134,000 square metres of land in Weert, the Netherlands, in order to develop a logistics scheme.
Principal is partnering with specialist logistics developer EvolutionRE through a joint venture to develop a scheme covering 89,000 square metres of space.
Principal acquired the land, an existing brownfield site, from a Dutch private investor. Tia van Beek, transaction manager, Principal Asset Management, said: 'Due to the strong occupier fundamentals in the Dutch logistics market, as well as the high-quality development standards of the facility, this is an exciting project to bring to the market.
Source: propertyeu.info on the 18th of April 2023
https://propertyeu.info/Nieuws/Principal-acquires-Dutch-plot-of-land-for-logistics-scheme/b7967491-af55-4bca-a4f1-b0d4b266a6e3