Deka Immobilien has sold a logistics complex in Wijchen, the Netherlands, from the real estate assets of the open-ended real estate fund WestInvest ImmoValue after a 15-year holding period. The logistics halls achieved a sales price of EUR 40 million and offer 36,400 m2 of rental space on a 56,097 m2 site. The property generated a stable cash flow for WestInvest ImmoValue investors. The buyer is Delin Property, a UK specialist in logistics warehousing.
The property is located in the industrial park ‘Bijsterhuizen-Nord’ north of the center of the municipality of Wijchen in the province of Gelderland and west of the city of Nijmegen. It is fully let to BIKEUROPE and ALSO. JLL and TLF acted as brokers in the sales process.
With the sale, Deka Immobilien has streamlined the WestInvest ImmoValue portfolio, as the property no longer meets the fund's investment criteria. WestInvest ImmoValue focuses on office properties in established locations and with high property quality in the economically most important metropolises and growth markets in Europe.