The joint venture of Somerset Capital Partners and USAA Realco Europe has sold Zalando’s newly built distribution center in Bleiswijk to Korean investors.
The purchase was made by Warburg-HIH Invest Real Estate on behalf of a group of Korean investors, including Midas International Asset Management and NH Investment & Securities. The complex is fully leased by Zalando and comprises 250,000 sqm and 1,200 parking spaces. The almost completed building has 140,000 sqm GFA, of which 12,000 sqm is office space. ‘It is the largest logistics object occupied by one tenant in the Netherlands’. The building receives a Breeam ‘Very Good’ certificate. NH Securities & Investment also invested in the Edge Amsterdam West office building in 2018.
CMS Derks Star Busman provided the tax and legal due diligence, Cushman & Wakefield took care of the technical part and JLL provided the commercial support for Warburg HIH Invest. USAA Realco Europe and Somerset Capital Partners were advised commercially by CBRE and 3stone Real Estate and legally by Loyens & Loeff.