17 Nov 2020
AMSTERDAM, 17 NOVEMBER 2020
Frasers Property Industrial successfully acquired a 49,358 sqm piece of development land at the industrial estate Roerstreek-Noord in Roermond, the Netherlands, from Herontwikkelingsmaatschappij Midden-Limburg BV. With its strategic location in the south-east of the Netherlands and proximity to the German and Belgian borders, the distribution centre – Frasers Park Roermond can service both national and international customers.
In cooperation with its development partner E-Prop B.V. from Amstelveen who initiated the project, Frasers Property Industrial will develop a 30,000 sqm state-of-the-art distribution centre at Frasers Park Roermond. The planned development consists of two interconnected units of about 18,000 and 15,000 sqm, including two separate office components and mezzanine floors.
Alexander Heubes, Managing Director Europe at Frasers Property Industrial, comments: “I’m very happy to announce our first speculative development in the Netherlands. Thank you to OML and the City of Roermond which have been very supportive to us and our partners E-Prop and VDR Bouwgroep. The acquisition further enhances our presence in the Netherlands and emphasises the continued strengthening of our development business in Europe. With Frasers Park Roermond, we will develop a modern distribution centre complying with high technical specifications to provide a high level of flexibility and quality to our clients.”
Bruno Dury, Director of E-Prop, comments: “This is an optimal time to start this modern development as current demand for this type of property by far exceeds supply.”
The plot was sold by Herontwikkelingsmaatschappij Midden-Limburg BV, a cooperation between Ontwikkelingsmaatschappij Midden Limburg BV (OML) and the Limburgse Herstructureringsmaatschappij voor Bedrijventerreinen BV. Both parties are partnering with province Limburg and LIOF to redevelop existing industrial estates for commercial purposes.
Bart Verschut, Director of Limburgse Herstructureringsmaatschappij voor Bedrijventerreinen BV, said: “We are satisfied that with this sale the redevelopment project has been completed, optimising the operations of local companies and recreating business space in a sustainable way”.
Hans Coppus, Director of Ontwikkelingsmaatschappij Midden Limburg BV, said: “We are Pleased that local employment will be maintained and new employment opportunities will be created with the construction of a new distribution centre. Both organisations are committed to the economic development of the region Midden-Limburg”.
With space still available for lease, the construction of Frasers Park Roermond is scheduled to start in December 2020. The property will be completed in the third quarter of 2021. The sustainability of Frasers Property Industrial’s planned distribution centre will be certified as “Very good” by BREEAM-NL. VDR Bouwgroep is appointed as general contractor and the leasing agents are JLL and M2 Real Estate.