Propco acquires logistics building in Amsterdam from DHG

19-7, 2017

Equity Estate has further expanded the Propco portfolio by acquiring a logistics building from DHG, located at the Galwin 2 in Amsterdam.

The building, that originates from 2003, has been designed by Timmer architecten and is fully and long-term let to IGT Europe BV. It consists of approximately 8,772 m² of warehouse space, 2,857 m² of office space, some 3,000 m² paved outdoor area with 98 parking spaces. Furthermore, the property is located directly adjacent to the A5 motorway.

After the acquisition of three industrial/logistic buildings, in Dordrecht, Rijnsburg and Beuningen, this is the fourth acquisition for Propco in the past 12 months. The acquisition has been made full equity, and the intention is to continue expanding the portfolio in the coming months, with industrial and logistics buildings with long-term leases on strong locations.

Shamrock Vastgoed advised DHG in the deal. Propco was represented by JLL, and Van Benthem & Keulen acted as a legal advisor. Equity Estate is the asset manager and director of Propco.