NW1 and URBZ Announce the Closing of Dutch IOS Vehicle at €192 Million of equity with CBRE IM as Final Investor
NW1 Partners and URBZ Capital are pleased to announce the final closing of their Dutch Industrial Outdoor Storage (IOS) vehicle with €192 million of equity committed. The vehicle’s successful close was achieved with CBRE Investment Management (CBRE IM) Indirect Strategies joining as the final investor.
The investment strategy is focussed on the acquisition of low-density industrial assets in existing industrial clusters and logistics corridors across the Netherlands with a view to aggregating a portfolio of IOS assets.
"We are delighted to welcome CBRE IM as an additional sophisticated investor in our Dutch IOS vehicle," said David Boyle, Managing Partner at NW1. "Their commitment underscores the strength of our investment strategy and the compelling opportunity to build one of the first Dutch IOS portfolios of scale"
Max Fabre, Director at CBRE IM Indirect Strategies commented: "We are excited to gain exposure to reversionary IOS properties in strategic locations in the Netherlands, and to provide growth capital to further scale the portfolio. We have strong conviction that the sector will continue to mature, and that the vehicle and our strategic partners are best positioned to create value for our capital sources.
"We are confident that this investment will generate strong returns for our investors by capitalizing on the early-mover advantage in the Dutch IOS market and the robust demand for industrial outdoor storage. Partnering with NW1 and URBZ, who have a strong performance track record, we are looking forward to executing the strategy," added Kilian Toms, Managing Director, Real Estate Secondaries at CBRE IM Indirect Strategies.
The collaboration between NW1 and URBZ has been instrumental in identifying and acquiring highly strategic IOS assets with the pair having already deployed over €130 million in the Netherlands. Ali Nassiri and Bram Verhoeven, Managing Partners at URBZ, added, "With over €130 million of assets already acquired, we are well-positioned to continue capitalising on the compelling early-mover opportunity in the Netherlands.”
