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NAV SCP Value Fund
18-12-2018: € 150.63

NAV SCP Value Fund
18-12-2018: € 150.63

11/15/2018

Somerset Capital Partners buys over 20 hectares of land in Lelystad for the development of large scale logistics real estate and data centres

Press Release

Lelystad – 15 November OMALA, area developer of Lelystad Airport Businesspark (LAB), and Somerset Capital Partners have signed a purchase agreement for 10,2 hectares of land for the development of an ultramodern distribution centre (DC) totalling 65.000m2. This development, given that it surpasses 40.000m2 in size, will become a so-called “XXL” development, to be built in phases.  The initial phase is expected to be completed in the final quarter of 2019. Somerset Capital Partners and the municipality of Lelystad have furthermore signed for the development of 2 data centres on little over 10 hectares of land at Businesspark Flevokust Haven.

Lelystad as XXL-Development
Rob Verhoeff, director of Ontwikkelingsmaatschappij Airport Lelystad Almere (OMALA): “We are very happy with this new development. For a long time, people have talked about the “Inditex-effect”. This new XXL-development confirms the interest of parties in the area.”

Gerwin Vos from Somerset Capital Partners: “We have recognised the potential of LAB and have a great deal of confidence in the region Flevoland. As a developer of logistics real estate we are active in the region’s surrounding Schiphol Airport, Utrecht and Venlo, among others. The logistics region Almere-Lelystad-Zeewolde offers a nice addition given the multi-modal location at a central location in the Netherlands, as well as through the available space.”

Development Company OMALA is owned by the municipality of Lelystad, the municipality of Almere as well as the province of Flevoland. LAB is part of the emerging logistics hotspot Almere-Lelystad-Zeewolde.

Logistics hotspot and employment growth
The province of Flevoland has participated for years in a few high potential employment locations, including Flevokust Haven and LAB in order to develop the logistics cluster in the province. The results of these efforts speak for themselves: the province recently presented the outcomes of a study on employment in the region, revealing that employment in the logistics sector has grown with 5.6% last year. Deputies of the province Jan de Reus (area development) and Jan-Nico Appelman (economic affairs): “With this development of Somerset Capital Partners we believe that the logistics cluster will see continued growth in the years to come.”

Janneke Sparreboom, alderman economic affairs of the municipality Lelystad: “ Last year we have created a 1.000 new jobs in Lelystad, with a strong focus on trade/logistics. With the development at LAB and Flevokust Haven, which has recently been expanded to 43 hectares as a result of the great interest, this trend will continue in a stronger fashion. The large plot, central location and the excellent connections by road, water, rail and air make that LAB as well as Flevokust Haven are perfect locations for all kinds of businesses. It gives a boost to the economic development of the city and the wider region, and grows employment”.

Maaike Veeningen, alderman economic affairs of the municipality Almere: “Almere welcomes this new large scale logistics development in the region too. It reinforces the logistics profile of the region at large and benefits Almere as well.”