July 18, 2016 – Standard Life Investments has purchased one logistics building (Fokker 7) and signed an agreement to purchase a second (Fokker 8) at Fokker Logistics Park, located near Schiphol Airport in the Netherlands. The vendor was advised by Lexence.
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Together they will comprise a total of 37,756m², alongside car parking space for 224. They are the world’s first logistics buildings to be developed using the ‘Cradle to Cradle®’ philosophy created by American architect William McDonough and chemist Michael Braungart, which aims to transform industry through ecologically intelligent design.
5,650m² of the recently completed 18,878m² Fokker 7 unit has been let to VOC Logistics – a logistics service provider specialising in air cargo to and from Asia. This site will also see the development of a 3,000m² solar park.
Construction of the second building, Fokker 8, is scheduled for completion in mid-2017. The total lettable area in this will be 18,878m², with 103 parking spaces. Fokker Logistics Park is a 39-hectare (390,000m²) logistics site created by Anthony Fokker Business Park C.V., a joint venture between Delta Development Group, VolkerWessels and Reggeborgh Group.
Daniel McHugh, Head of Continental European Real Estate, Standard Life Investments, commented, “These first-rate acquisitions reflect our strategy to acquire prime assets in core markets with an element of leasing risk, to deliver attractive risk-adjusted returns. We’re confident that the logistics sector in the Netherlands will continue to perform well and these assets will have the added advantage of built-in sustainability at their core.”