Deka Immobilien buys logistics property from Necron Group in the Netherlands

 
Frankfurt, 13.12.2024

Deka Immobilien has purchased a logistics property near Amsterdam Airport in one of Europe's most sought-after logistics markets. The new building was sold by Dutch Industrial Properties XII B.V., a subsidiary of Necron Group AG. It is earmarked for the portfolio of the Deka-Immobilien Metropolen open-ended property fund. The parties have agreed not to disclose the purchase price.
 
Green Square Logistics consists of two interconnected buildings with approximately 38,500 sqm of leasable space and 275 parking spaces. The property was completed in July 2024 and is fully leased on a long-term basis. Building A, consisting of nearly 25,000 sqm GLA, has been secured by Bausch + Lomb Netherlands B.V., a worldwide manufacturer of contact lenses and medical products. Building B is home to JAS Forwarding (Netherlands) B.V., one of the leading logistics and freight service providers in the Netherlands. Eneco Solar B.V. also has a lease agreement for a photovoltaic system on the roof.
 
The logistics property is located in Aalsmeer near Amsterdam's Schiphol Airport and is part of the Green Square Business Campus, an industrial estate of around 250,000 sqm GLA that where Necron Group is developing a high-quality innovative business park for logistics, offices, production, hospitality and storage facilities.
 
The property is rated "Excellent" by BREEAM, the British certification for sustainable construction.
 
With the purchase of a second logistics property, Deka-ImmobilienMetropolen fund management is furthering its sectoral diversification. This marks the first time that the fund has acquired a property in the Netherlands.

DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 411,5 billion (as at 30/09/2024) and more than 5.6 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.

The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for around EUR 50 billion (as at 31/12/2023) in real estate assets.