The Hines European Core Fund (HECF) has acquired six logistics assets in the Randstad area in Aalsmeer, Honselersdijk, and Rijnsburg in the Netherlands. The business parks, on which the assets are located, are majority owned and managed by Royal FloraHolland (RFH), the world’s largest floriculture marketplace.
The buildings, spanning 92,000 sqm, are fully leased to six occupiers operating within the Netherlands’ floriculture trade market on long-term contracts. They are clustered near the three major Dutch flower auction sites, providing access to high concentrations of wholesale and retail flower vendors and purchasers.
Andy Smith, managing director and country head for the Netherlands at Hines, said: “The portfolio aggregation of these fully leased properties builds on our investment, development, and management platform in Dutch logistics.
“The agricultural and floricultural logistics market is undergoing substantial consolidation, transformation, and modernization while remaining among the most resilient segments of a turbulent economy.
“We are proud to support our tenants in their continued success, and we look forward to maintaining and improving the quality of these business-critical assets through long-term value creation via our property management initiatives.”
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