Grosvenor and URBZ Announce €150 Million Dutch Logistics Joint Venture and Completion of First Acquisition
Grosvenor’s Diversified Property Investments business and URBZ Capital have joined forces to establish a strategic joint venture, combining their expertise to acquire and enhance logistics facilities across key hubs in the Netherlands.
The venture launches with an initial investment target of €150 million, focusing on well-located and underutilized facilities that offer an opportunity for sustainable repositioning through URBZ’ active asset management.
This venture underscores both firms’ commitment to environmental responsibility, focusing on converting existing facilities into high-performing green assets. By targeting Core+ and Value-Add opportunities, the partnership aims to address the rising demand for modern, sustainable logistics real estate in prime locations across the Netherlands.
The joint venture’s first acquisition is a 14,000 sqm logistics facility in Den Bosch, the Netherlands. The property, acquired from a leading logistics operator and leased long term, will undergo a renovation to align with the partnership's vision of environmental sustainability and operational excellence.
"This joint venture underscores both Grosvenor’s conviction in the Dutch logistics market as well as our commitment to sustainable investments that deliver long-term value," said Andy Yates, Chief Investment Officer, Grosvenor Diversified Property Investments. "As one of Europe’s key logistics markets, the Netherlands offers significant potential for creating best-in-class, environmentally resilient logistics facilities, and we are excited to partner with URBZ Capital to make this vision a reality."
Bram Verhoeven and Ali Nassiri at URBZ Capital, added: "URBZ Capital is thrilled to partner with Grosvenor on this impactful venture. Together, we aim to unlock the growing demand for logistics in prime locations while addressing the pressing need to modernize existing logistics real estate. Our goal is to future-proof these assets, ensuring they meet both ESG standards and functional requirements. Combining our forces with Grosvenor makes us decisive and determined to build up a portfolio in the Netherlands in the coming period. Our first acquisition in Den Bosch sets a strong precedent for the ambitious projects we plan to acquire and deliver."
