SFO Capital Partners and Garbe Industrial Real Estate acquire logistics asset in Venlo, The Netherlands
London April 20, 2022 – SFO Capital Partners, a global real estate investment management firm, and GARBE Industrial Real Estate, one of the leading European specialists for the development and management of logistic real estate, have completed their acquisition of a full refurbishment and restructuring scheme located in Venlo, The Netherlands, with direct proximity to the Dutch motorway A67. The entire space of c. 10,000 sqm leasable area has been leased to a single tenant at a competitive rate on the back of robust market fundamentals underpinned by a strong demand from occupiers. This first acquisition is well positioned to attract core institutional investors who are looking to acquire high quality, well-located assets, incorporating exemplary ESG standards with a stable and attractive cashflow.
Mohamad Abouchalbak, CEO at SFO Capital Partners, said: “We are thrilled to partner with GARBE and to further expand our investment program into the logistic real estate market, an asset class that we believe will continue to experience a positive momentum characterized by strong e-commerce penetration and significant supply/ demand imbalance. We plan to build on our first successful acquisition in Venlo, one of Europe most prominent logistics hubs, to assemble a cross-border logistic real estate portfolio of strategically-located assets in key markets.”
Maurits Smit, Managing Director GARBE Industrial Real Estate Netherlands: “The Venlo acquisition demonstrates GARBE´s ambition to become the leading logistics specialist in the Netherlands. We secured the project at a very early stage and were able to add significant value by using our distinguishing 360-degree approach, which offers the entire property value chain of development, fund, asset and property management services. This is how we at GARBE maximise the value we bring to our partners and tenants. We’re looking forward to continuing our successful cooperation with SFO Capital Partners.”
About GARBE Industrial Real Estate GmbH:GARBE Industrial Real Estate GmbH is one of the leading platforms for logistics, corporate and technology properties in Germany and Europe. For more than 25 years, the manager-owned company, headquartered in Hamburg, has counted among the main independent collaboration partners for transport and logistics service providers, the trade sector and the manufacturing industry. GARBE develops, buys, sells, lets, manages and finances high-end commercial properties in attractive European locations. At present, GARBE has around 5.0 million square metres of lettable area and a property development volume of around 1.7 million square metres in Germany and elsewhere in Europe under management that represent property and fund assets in a combined value of c. €9.5 billion (as of 15 January 2022). In the Netherlands, GARBE Industrial Real Estate is led by managing director Maurits Smit and manages a portfolio valued at more than €700 million with a dedicated team of professionals based in Amsterdam.
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of June 2023, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.2 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9.6 million square feet of commercial real estate under management.