Schroder European Real Estate Investment Trust Plc has acquired, via a sale and leaseback, a freehold industrial warehouse in Alkmaar, the Netherlands, for approximately €11 million, reflecting a net initial yield of 5.6%.
The 9,115 squared metres property is fully let to W.A. Schuurman Beheer B.V., an electrical engineering and renewable energy specialist that has been in operation for over 100 years and serves as its headquarters and as its key distribution hub.
The 20 year triple net lease, with a break at 15 years, benefits from annual indexation. The property, which has won a number of architectural awards for its design, has been built to a high standard with excellent sustainability credentials, including on-site renewable energy and an EPC rating of A+.
Source: europe-re.com on the 20th of March
https://europe-re.com/schroder-invests-11m-in-alkmaar-industrial-property-nl/71526