Largest single asset transaction in Dutch logistics real estate: Amsterdam Logistic Cityhub acquired by CTP

Amsterdam, 16 August 2021 – Amsterdam Logistic Cityhub (ALC) has been acquired by CTP, a top five European real estate developer and manager. The facility is the first XXL multi-storey logistics city hub in the Netherlands. ALC comprises approximately 120,000 m² LFA storage and distribution space and 1700 parking spaces. The sale is the largest single asset transaction in logistics real estate in the Netherlands to date.

 

State of the art logistics

Amsterdam Logistic Cityhub is designed to shorten the last mile to and from the centre of Amsterdam. The facility will provide a solution to the increasing congestion and lack of space in and around the Dutch capital. ALC meets the strong demand for storage and last mile distribution space near the city centre and facilitates emission-free parcel delivery and supply to the inner city over land and water. ALC is strategically located in the Port of Amsterdam and offers direct access to the A10 ring road (3 min) and the city centre via the North Sea Canal (7 min).

ALC will offer circa 120,000 m² net lettable floor space of exceptional quality, including 90,000 m² warehousing space, 11,000 m² high quality office space, 17,000 m² mezzanine space with the possibility to extend to 74,500 m². In addition, the facility offers circa 1,700 parking spaces, 200 loading docks and a 180 m private quay.

 

Multimodal and sustainable

The site includes 220,000 m² fully sustainable solutions. ALC has a multimodal functionality and will be built to excellent specifications. Once completed, the hub will be one of the most sustainable sorting and logistics centres in the Netherlands. The facility is a forerunner in sustainability; the water connection to the city centre enables transport over water with electrically powered boats and ALC facilitates in emission-free transport to and from Amsterdam. With energy generated on site by solar panels and wind turbines, ALC is self-sufficient. Because of these high standards, the facility will receive a BREAAM “Excellent” certification.

 

Wim Beelen, entrepreneur and creator of ALC: “The vision for Amsterdam Logistic Cityhub has always been strong. This transaction confirms CTP’s confidence in the concept and in the developments of the logistics market in the Amsterdam region. With ALC, we have created a new perspective on inner-city logistics; the hub sets the tone for the future of the industry and contributes to an emission-free inner city. Our team is incredibly proud to have brought ALC to where it is today, and even more so to have finished our ‘last mile’ with a historic transaction”.

 

Ralph de Munnik, Director CTP Netherlands: We are extremely proud to have been able to conclude this agreement and look forward to an intensive cooperation with the City of Amsterdam and Port of Amsterdam. The Amsterdam Logistic Cityhub is an absolute pioneer in the field of ‘last mile’ logistics solutions to relieve busy city centres. There’s a strong demand for such logistics business space in the Amsterdam region and we expect this demand to only increase. Currently, the supply and the development pipeline in the region with a vacancy rate of approximately 6% are limited. The city hub is therefore a unique opportunity for us to serve both existing clients of CTP as well as new clients in the Amsterdam region and fits our profile as property developer of high-tech business parks. The multi-tenant, sustainable and multimodal character of Amsterdam Logistic Cityhub combines all the aspects of a CTPark in one building. The acquisition is a wonderful addition to the CTP network and a great step in our ambition to accelerate our growth in the Netherlands.”

 

Sellers are entrepreneurs Wim Beelen and Paul Vermaat (Larendael Development and Bridges Real Estate). The selling party was assisted by DLA Piper and CBRE, CTP was advised by Dentons Amsterdam (legal), Savills Nederland (commercial) and EY (tax).

 

About CTP N.V.

CTP is a top five industrial property developer and manager in Europe and the largest in CEE, with over 6.6 million m² of logistics space and operations in nine countries. The company is on target to expand its portfolio to 10 million m² by year-end 2023. With its entire portfolio BREEAM certified, CTP claims the position of the most sustainable developer in the region and is on track to reach carbon neutrality this year. At the end of March 2021 CTP listed on the Euronext Amsterdam stock exchange, issuing 397,017,000 shares priced at €14 per share, which implied a market capitalisation for the company of €5.6 billion at listing. CTP’s market capitalisation is at €6.7 billion per 30 July 2021.

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