Tilburg 28 September 2018 –  Standard Life Investments European Property Growth Fund signed a long term leasse agreement with an international car company for a recently delivered distribution centre, situated at Business park Vossenberg in Tilburg, the Netherlands.

The logistic centre, named ‘DC Miles Tilburg’, exists of 31.927 sqm logistic space, 2.766 sqm mezzanine and 1.281 sqm office space. On the outsiede terrain there are parking spaces for 260 cars and 21 trucks.

Standard Life acquired this facility in 2017 from “Ontwikkelingscombinatie Remmers/Mobion Group”. In May 2018 is the facility has been delivered by Bouwbedrijf Remmers as a Turn-key project with a BREEAM certificate ‘Very Good’. Just before delivery the parties has closed the lease agreement. The lessee was advised by CBRE.

The lessor has been advised during this transaction by INDUSTRIAL real estate partners.