Edmond de Rothschild REIM acquires three warehouses for €30m

Edmond de Rothschild REIM's Euro Industrial Real Estate fund acquired three new warehouse properties for a total of €29.8 mln and sold one asset for €7.2 mln. 

Duiven logistics - Edmond de Rotschild

This strategic activity aims to capitalise on Europe's booming logistics real estate market, which faces a substantial supply shortage.
The acquisitions include a modern, fully-let logistics asset in Großmehring, Bavaria (Germany). The property was built in 2021 and spans 7,200 m2 of lettable space on a 12,500 sqm plot.
In Duiven (Netherlands), an off-market light industrial property was purchased in a key logistics hub, acquired through a sale-and-leaseback. It comprises two properties totalling around 10,000 m2 on a 20,000 m2 plot, boasting strong ESG credentials.
Finally, in St Denis – Pierrefitte (France), a multi-let light industrial property was acquired with nearly 5,700 m2 of lettable space, strategically located near Paris.
The fund also successfully divested an asset in Eindhoven, Netherlands, to reinvest in more energy-efficient properties. 
These actions are particularly timely, given the estimated €150 bn structural supply gap in Europe's €500 bn logistics real estate market, fuelled by e-commerce growth, supply chain changes, and urban expansion.
Theo Soeters, head of Industry and Logistics at Edmond de Rothschild REIM, said: “Logistics and light-industrial assets continue to benefit from themes such as re-shoring and the growth of E-commerce. These three acquisitions will bolster the portfolio’s ability to generate solid income and exposure to capital growth. The Eindhoven sale is a testament to the team’s ability to drive value and successfully execute business plans. By recycling the capital into properties with a higher expected forward-looking return at an equal or lower anticipated risk level, the strategy continues to optimize the strength of its portfolio whilst ensuring future resilience.”
Edmond de Rothschild REIM’s advisers for the Großmehring acquisition include Cushman & Wakefield, GÖRG and WS Real Estate Services, for the St Denis – Pierrefitte acquisition, Sorovim, Screeb, Franklin and Sevaia and for the sale of the Eindhoven asset, by Lexence. Advisers for the Duiven acquisition from EDR REIM’s side include Cushman & Wakefield, Malter, Savills BPC and Q.G.M Law and from the seller`s side, by CMS and Wave Corporate Finance.