Savills News

MEAG acquires logistics property near Utrecht, Netherlands

MEAG has acquired The Dutch Vault in Houten near Utrecht, Netherlands, from a private developer.

The property was constructed in 2020 and was specially designed for the Royal Dutch Mint. The striking façade consists of gold coloured panels that are related to the Dutch Euro Coin. The Property has won the Steel Construction audience award in 2020 and is one of the finalists in the 2021 MIPIM Best Industrial & Logistics Development awards.

The total building comprises a gross floor area of 12,876 sqm of warehouse space and high end office space and serves as headquarters for the Royal Dutch Mint.

It is planned to certify the building "in use" according to BREEAM, whereby at least a very good rating can be expected. Also to meet ESG targets, solar panels are installed on the roof to meet the building's own electricity needs.

Katrin Hupfauer, Head of Real Estate Transactions at MEAG: "Logistics is core of our investment focus. It is largely decoupled from economic cycles and crises, which makes it ideal for insurance companies for generating stable cash flows and diversifying the real estate portfolio. With this transaction, we achieve a number of investment and ESG goals of our institutional investors."

Douglas van Oers, Co-Head Logistics & Industrial at Savills in the Netherlands, adds: “This transaction exemplifies one of the unstoppable market trends – the buoyant demand for state-of-the-art sustainable logistics real estate in the hotspots. We are proud to have been part of the sale of such an iconic building.”

MEAG was advised by Cushman & Wakefield (commercial), Antea (technical) and Greenberg Traurig, LLP (legal). The seller was advised by Savills (commercial) and Heylen Warehouses.

MEAG is the asset manager of Munich Re and ERGO. With offices in Europe, Asia and North America, it also offers its extensive know-how to institutional investors and private clients from outside Munich Re Group. MEAG currently manages assets to the value of around € 330bn, € 60bn of which for institutional investors and private clients from outside the company group.

 

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