In the short term, Europa Capital will primarily seek additional investments in office, logistics and residential assets and is targeting an investment capacity of up to €500 million sourced from institutional investors in Europe, Asia and the Americas.
The property, which is fully leased to three high quality tenants, Nokia, Saint Gobain, and Enexis, is located on Atlasstraat in the modern Vossenberg II industrial estate in Tilburg. Tilburg is one of the Netherlands’ primary logistics hot spots, which benefits from its strategic location close to the north-south and the east-west distribution corridors, as well as a multi-modal transport network that includes a well established road network, one of the largest barge terminals in the Netherlands with direct shipping access to and from the port of Rotterdam, and rail links with direct trains to China.
The first of the other assets in the core diversified income portfolio comprises a multi-let office building in Munich, Germany, where Europa Capital has increased occupancy from 90% to 100% in 15 months since acquisition. The second asset is the 7,980 sq m Imagine office building in Neuilly-sur-Seine, an established and attractive office district between the Paris CBD and La Defense, which was acquired last week.
The combined Paris, Munich and Tilburg transactions take the total investment for Europa Capital’s diversified income strategy to over €155 million with further acquisitions being targeted by the end of the year.