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10/12/2020

Somerset Capital Partners sells development Ede (The Netherlands) to Frasers Property Industrial

Somerset Capital Partners sells 15.000 sqm logistics asset in Ede, Netherlands. Attractive opportunity in a local market with growing demand from logistics players for high-quality logistics assets. Building due for completion in July 2021.

Somerset Capital Partners announces that Frasers Property Industrial acquired EDE01 today, a 15.000 sqm logistics development, situated on the newly developed Food & Businesspark Ede: one of the most sought-after locations in the region for Food related companies. The forward-funding project is being developed by Somerset Capital Partners in partnership with  global investor Frasers Property Industrial, with  completion scheduled for Q3 2021. The property is fully let to a tenant under a long-term lease.

Alexander Heubes, Managing Director Europe at Frasers Property Industrial: “With its strategic location in the middle of the Netherlands and some important trading routes, this investment is in the middle of Europe’s key logistics hubs and represents an attractive acquisition for us into the Dutch market.”

The asset is a newly built, high-quality distribution centre which benefits from a prime location in grade-A Food & Businesspark Ede, near the railwaystation and along the A12. The new development is also expected to receive the BREEAM ‘Very Good’ certification.

Gert-Jan Kristen, Projectmanager at Somerset Capital Partners comments: “We are happy to have found Frasers Property Industrial purchasing our Ede development, which is part of an extensive pipeline. And as our developments come to market we hope to continue doing transactions with this prime investor.”

On this transaction, the advisers to Frasers Property Industrial were Van Doorne, SGS Search Ingenieursbureau, and JLL. The advisor to Somerset Capital Partners was SOLID. Attorneys and Loyens & Loeff.