NEWGROUND LAW advised Swiss Life Asset Managers and its subsidiary BEOS AG, specialized in industrial and logistics real estate, on the acquisition of a distribution center in Rhenen for the “ESG European Thematic Income & Growth” (TIGR) fund. The seller is a subsidiary of Arbon Holding BV. The purchase price of the transaction will not be disclosed.
On behalf of NEWGROUND LAW, Cynthia de Witt Wijnen, Joanna Bebenek, Renée Fennis, and team, worked on the transaction.
The logistics building in Rhenen was built in 2019 and has a total lettable floor area of 19,240 square meters. It is fully rented to six parties. The distribution center in Rhenen stands out because of its positive energy balance and is therefore convincing from an ESG perspective. The share of renewable energy is around 120%. Solar panels and a heat pump contribute to this. An energy label has been issued in class A+++++.
“This high-quality, fully leased distribution center is an excellent addition to our portfolio, especially in terms of our ESG objectives and the further diversification of the fund,” said Maureen Mahr von Staszewski, portfolio manager of the fund “ESG European Thematic Income & Growth”.
The “ESG European Thematic Income & Growth” fund aims to build and manage a long-term sustainable European portfolio to acquire Core and Core+ properties in selected markets. Since its inception in 2019, the fund, categorized under Article 8 of the SFDR, has now grown to over €500 million and currently manages 10 properties in 6 European countries.
BEOS AG is responsible for the acquisition, development and management of industrial and logistics real estate in Europe at Swiss Life Asset Managers.