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Frasers Property acquires new FrieslandCampina distribution centre

Amsterdam, 25 May 2018 - Frasers Property Limited (“Frasers Property”) has announced today that it acquires through its wholly owned subsidiary, Frasers Property Investments (Europe) B.V., a logistics warehouse located in Meppel, The Netherlands. The warehouse has a total lettable area of approximately 31,000 sqm and has been developed by District54. The warehouse was completed in May 2018 and is let on a long-term basis to FrieslandCampina, one of the world’s largest dairy companies.

 

The warehouse will be used by FrieslandCampina Ingredients to consolidate the business group’s logistics activities in the North of the Netherlands and replaces multiple warehouses currently in use. The warehouse has been built in line with the highest quality standards for food logistics. The state-of-the-art warehouse will be mission-critical for FrieslandCampina as it will function as a centralized distribution centre for outgoing goods for the FrieslandCampina production plants Beilen and Meppel.

 

Wulf Meinel, CEO of Frasers Property Europe: “We are excited to add such a reputable company as FrieslandCampina to our international tenant base. The company’s activities as a market leader in the food and beverage industry match perfectly with our strategy to focus on business champions in key industries. Following multiple acquisitions in Germany, this is the first acquisition in the Netherlands since Frasers Property acquired a controlling stake in Geneba Properties N.V. last year. This way we continue our focus on logistics assets in Europe’s core markets.”

 

Frasers Property was advised by Loyens & Loeff (legal and tax). Friesland Campina and District54 were advised by CMS Derks Star Busmann N.V. (legal) and 3Stone Real Estate (commercial).