Appelhoven sells distribution centre for 60 million 

Appelhoven has sold a distribution centre to Patrizia Immobilien AG for its logistics fund “Patrizia Logistik-Invest Europa I”.

The new building at Kaapstadweg in Amsterdam consists of around 70,000 m² worth of commercial space, around 1,400 m² office/showroom space and around 54 loading docks. The building is leased on a long-term contract to Fetim, who are joining two locations into one, thereby moving into a state-of-the-art logistics centre with a “Breeam very good” label.

Appelhoven represented the interests of the developer of the distribution centre.