Being the first logistics asset acquired for the Platform, Logport is a good diversifier. Its Grade-A quality, strong location, large lot size and tenant-covenant strength make it an exciting addition to our portfolio and should enhance returns and diversification for our investors.
Logport distribution centre acts as the tenant’s European hub for servicing its e-commerce business, situated in the logistical hotspot between the Netherlands’ main ports and Germany. It has good multimodal connections via water, rail and road, ensuring optimum accessibility. An additional c. 43,000 sq m of space was acquired in July 2019, (“Phase 3”), which is let to an international food retailer across the initial Phases 1 and 2. Logport is a top quality, newly constructed property and is targeting a BREEAM “Outstanding” rating. The asset is constructed to provide high-quality flexible units.