URBZ Capital acquires off-market logistics asset in Waalwijk, the Netherlands
URBZ Capital (“URBZ”), in partnership with Grosvenor’s Diversified Property Investments business, has acquired a 26,595 sqm high-quality logistics asset in Waalwijk through an off-market transaction from Aberdeen.
The modern logistics facility situated at Van Hilststraat 19 in Waalwijk was completed in 2018, and is strategically located at Business Park Haven 7 in Waalwijk, within one of the Netherlands’ most established logistics cluster. The location offers strong multimodal connectivity, with direct access to the A59 highway and proximity to the barge and rail terminal in Waalwijk & Tilburg.
Logistics hotspot with strong reversion potential
The building is fully leased to DP World Logistics, a global integrated end-to-end logistics provider and port operator with a strong presence in the Waalwijk region. The acquisition benefits from a relatively short remaining lease term, offering attractive re-letting prospects and significant reversion potential upon expiry, with flexibility for both single-tenant as multi-tenant use. In addition, the asset already complies with modern technical and sustainability standards, with clear potential for targeted upgrades to further improve performance in line with the URBZ Standard.
Isabelle Schols, Investment Director Netherlands at URBZ Capital, commented:
“This is exactly the type of asset we look for — strong location, functional building, and a clear next step. We have secured the asset off-market and can now focus on execution: leasing and upgrading the building to drive performance.
Erika Birkett-May, Director, Asset Management at Grosvenor DPI, said:
“Our latest acquisition with URBZ Capital demonstrates the strength of the partnership and the effectiveness of the GDPI model. By backing specialist teams with deep local expertise, we are able to access high-quality, value-add opportunities and enhance performance through active asset management.”
URBZ Capital and Grosvenor continue to actively source opportunities across the Netherlands, partnering with occupiers, owners and developers to deliver sustainable, future-proof logistics real estate.
URBZ Capital was advised by Colliers, SGS, ERM, Clifford Chance, and Deloitte in this transaction.
