Patron Capital, the pan-Euopean institutional investor focused on property-backed investments, and Base Investments, the Dutch asset manager, have launched UrbanLinx, a platform to invest in sustainable light industrial assets in the Netherlands. UrbanLix will focus on the sustainable renovation and extension of existing buildings and buy assets valued between €5 million and €25 million over the next three years. The platform has already acquired properties in Houten and Amsterdam.

The Houten asset, purchased from Conway Holding International B.V., comprises approximately 14,000 sq m of warehouse and office space in a well-connected commercial and retail area. The Amsterdam property, acquired from Jurred Bedrijfshuisvesting B.V., was built in 1985 and comprises 6,000 sq m of warehouse and office space, split into multi-tenant spaces.

Base Investments will take over asset management of both multilet properties, which will be upgraded over the coming years. UrbanLinx will follow a ‘transform-to-green’ strategy, developing the sites in line with comprehensive ESG criteria.

The acquisition in Amsterdam was brokered by Van Dijk & ten Cate en Stout Vastgoed Consultancy. GreenbergTraurig, FSE and CFP acted as consultants to the purchaser. The acquisition in Houten was brokered by Platform Real Estate and Zuijdplas & Partners. GreenbergTraurig, FSE and CFP acted as consultants to the purchaser. Savills conducted the Technical Due Diligence (TDD) for both acquisitions.