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Rockspring's PanEuropean fund leases 41,400 sqm Venlo distribution centre to Arvato

Tredium Logistics warehouse
Rockspring Property Investment Managers LLP, on behalf of its PanEuropean PLP fund, announces the letting of the 41,400 sqm Tredium Logistics warehouse at the Trade Port North Industrial Estate in Venlo to Arvato Benelux B.V. Industrial Real Estate Partners advised Rockspring during this transaction in cooperation with CBRE.
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Construction of the Grade A warehouse started in March 2016, shortly after the Fund purchased the site and was completed on time in November at a fixed cost of €22 million. Venlo is close to the German and Belgian borders and providing immediate access to an extensive motorway network. The North Sea ports of Amsterdam, Rotterdam and Antwerp, as well as the international airports of Maastricht, Düsseldorf, Amsterdam and Eindhoven, are also in close proximity to Venlo.

Flavio Casero, Partner at Rockspring and Fund Manager of PanEuropean commented: „Securing a tenant of this calibre is testament to the quality of the building we have delivered and we are very pleased to welcome Arvato to Tredium Logistics. The asset fits perfectly into PanEuropean's core strategy and portfolio, which now has a value of €500 million, with 55% invested in the retail sector and 45% in offices and logistics. This particular investment will help to ensure that the fund continues to achieve and exceed its 5% per annum income distribution target.“