WP Carey buys distribution centre 70,000 m²

WP Carey has purchased the distribution centre on the Maasvlakte-Rotterdam from Borghese Logistics for one of its funds. The purchase price was approximately 40 million euros. The tenant of the property is Nippon Express.

The building consists of a distribution centre of 69,355 m² with 45 loading docs, and an office of 1,141 m². There are also 250 car and 50 truck parking spaces. The new distribution centre developed by Borghese Logistics stands on a plot of 11 hectares. The building has a label BREEAM very good is FM-Global approved and TAPA certified.

The property is fully let to Nippon Express. Nippon Express is an international logistics service provider. Nippon Express rents the property for a longer period.

Appelhoven Vastgoedadviseurs has represented the interests of WP Carey during this transaction.