Hines acquires six Dutch logistics assets

Hines, the global real estate investment, development, and property manager, has advised its Hines European Core Fund (HECF) on the acquisition of six fully occupied logistics assets in the Randstad area in Aalsmeer, Honselersdijk and Rijnsburg in The Netherlands.

The business parks, on which the assets are located, are majority owned and managed by Royal FloraHolland (RFH), the world’s largest floricultural marketplace and a major contributor to The Netherlands’ world-renowned role within the flower industry. In 2021, the value of The Netherlands’ flower and plant import and export market reached €7.3bn, with a further €865m of flowers imported and distributed through business parks such as those operated by RFH.

The acquired buildings, spanning 92,000 sq m, are fully leased to six occupiers operating within The Netherlands’ floricultural trade market, each on a long-term lease. The properties are in the heart of the densely populated Randstad area, the economic heartland of The Netherlands, which accounts for a significant proportion of the country’s GDP and has a population of over 8.4m. The assets are clustered near the three major Dutch flower auction sites, giving occupiers excellent access to high concentrations of wholesale and retail flower vendors and purchasers.

Hines builds on investment

Andy Smith, managing director and country head – The Netherlands at Hines, commented: “The portfolio aggregation of these fully leased properties builds on our investment, development and management platform in Dutch logistics. The agricultural and floricultural logistics market is undergoing substantial consolidation, transformation and modernisation while remaining among the most resilient segments of a turbulent economy.

“We are proud to support our tenants in their continued success and we look forward to maintaining and improving the quality of these business critical assets through long term value creation via our property management initiatives.”

Simone Pozzato, managing director and HECF fund manager, added: “Our European core-fund,  HECF, completed the first phase of its aggregation of six fully occupied last-mile logistics assets in the highly sought-after Randstad area in The Netherlands, via four off-market and one direct market acquisitions, achieving a considerable portfolio size, at an attractive entry yield.

“Our ability to source and aggregate opportunities off market through our strong local teams has enabled us to decisively spot value and quickly close in prime occupier locations. To add further value on behalf of our investors, we will also seek to provide property management services and implement strategic ESG improvements aiming to reduce carbon emissions and increase efficiency.”

In 2022, Hines has completed €797m of logistics transactions across Europe, in markets including Czech Republic, France, Germany, Italy, Poland, The UK and The Netherlands. Hines’ European logistics AUM now stands at €3bn.

 

GEODIS opens additional warehouses in Netherlands

To accommodate the growth of its retail customers in The Netherlands, GEODIS has opened a new 17,000 sq m warehouse in Almere and will also add a 9,000 sq m facility in Venlo.

While awaiting the construction of its 130,000 sq m logistics campus at Trade Port Noord planned for the end of 2023, GEODIS is extending its activities to offer additional capacity for its customers. The Group has opened a new site in Almere in November and is preparing the opening of another one in Venlo, due to be operational in the coming weeks. It is planned that both sites will be equipped with latest automation technologies. Among them are autonomous mobile robots from Locus Robotics to support the picking process and reduce the physical demands on employees by eliminating the need to pull pick carts and by decreasing overall travel.

GEODIS currently has a 16,000 sq m retail warehouse in Almere, which means the capacity there has doubled. “This expansion is needed since the pandemic has caused a significant overperformance of many of our current customers and to host our new customers,” said Mark van den Assem, Managing Director of GEODIS in the Benelux.

ING reports that retail in the Netherlands has grown by 6% in 2020 and another 1.5% in 2021. “Especially companies with an omnichannel approach are expected to increase their business even more,” points out van den Assem. “In order to provide these multi-channel retailers with a long-term logistics solution at the highest possible service level and efficiency, additional warehousing space was needed.”

“We can see the rising demand for e-logistics not only in the Netherlands but throughout Europe and are eager to support our customers in not only achieving their targets but also to be their growth partner,” says Thomas Kraus, President & CEO of GEODIS North, East and Central Europe. “The expansion of the warehouse space in the Netherlands combined with our expertise in e-logistics, marks another important milestone towards our growth ambitions.”

The two buildings have a BREEAM ‘Good’ certification. BREEAM is a world-known sustainability assessment method for buildings1, which underlines GEODIS’ dedication towards sustainable logistics.

GEODIS has now almost 220,000 sq m of warehouses in the Netherlands, including Venlo, Amsterdam, Almere & Rotterdam.

Samskip adds air freight to portfolio

Samskip is bringing together expertise from its Bremen-based project cargo business and its dedicated air freight team at Schiphol airport in the Netherlands to leverage its full potential as a “hidden gem” in special load logistics.

The joint initiative creates a focus for capabilities which extend from express air freight delivery, through breakbulk, heavy lift and out-of-gauge special cargoes movements by sea. The one-stop-shop service includes coordinated plane and ship chartering by Samskip.

“We are extending our ability to overcome exceptional transport challenges by bringing together proven expertise in air and ocean logistics,” says Jens Siedentopf, Head of Breakbulk Projects, Samskip.

Mostly associated with multimodal transport, Samskip has identified project cargoes as a strong opportunity for growth, based on its global logistics presence and the potential to coordinate with its shortsea, rail, trucking and inland barge service network. The opportunity to add airfreight to the project cargo mix follows the launch of Samskip Air in May 2021.

Seafood volumes moving by air grew strongly in the second part of 2021, especially through sea-air links into global markets via Schiphol. However, coordinating sea and air services allows Samskip Air Freight Manager Hans Blauw to convert other opportunities. A recent requirement to help a customer facing production backlogs to transfer a 19-tonne load that would normally have been shipped by sea to air service provided “one example of how this can work”, says Blauw.

However, Blauw is more focused on growing volumes based on logistics expertise rather than opportunism. The former KLM, FedEx and TNT executive says a job for an oil major which involved sending some cargoes by sea and chartering a plane to carry urgently needed equipment by air “to get rigs operational after a storm” showed what can be done. Another, for a mining company, saw equipment shipped by sea and plane on a door-door basis, with trucking managed by Samskip at both ends.

“We offered full project cargo logistics services that deal with the customer’s need to get their asset working and earning again, backed up by out-of-gauge loads moving by sea,” says Blauw Other areas where Samskip’s airfreight skillsets have been making an impact include logistics management for China’s mobile phone industry, he adds.

The attractions of Samskip as air freight service provider for overweight/oversized cargoes could be a “no brainer” for its existing project cargo customers, according to Siedentopf. “Based on extensive knowledge, we offer services ranging from logistics management to individual transport planning from origin to destination. We’ve also made a speciality of combining tailor-made transport services to secure attractive freight rates. We have the experience, the engineering and the risk assessment, the chartering solutions and the equipment to support our ambitions.”

With 47 offices in 35 countries, Samskip also has the network, the local staff, the customs knowhow and the digital booking systems “to support pain-free, A-Z project cargo logistics for large and small customers alike, whatever the challenge or routing,” says Siedentopf.

Samskip’s multimodal-focused employees are increasingly getting the message on the potential to introduce customers to project cargo services which uphold the same high standards on safety and sustainability, he adds. Currently, Siedentopf is raising awareness internally of Samskip’s longstanding sole in multi-purpose vessel chartering, which often flies under the radar.

“We have the special skills in handling loads of different sizes, the financial strength, the chartering expertise and contacts, and the experience to deliver reliability and load combinations which achieve competitive rates,” he says. “Samskip is the hidden gem of project cargo management, and coordination with our airfreight division puts us one step closer to its discovery by the mainstream market.”

Plus Retail B.V Optimises Supply Chain

The food retail company, Plus Retail B.V. is optimizing its dry assortment supply chain. At the heart of the project is the construction of the new “National Distributioncenter” in the city of Oss. From there, all store orders will be processed centrally. The company will use sustainable and leading-edge logistics systems that are linked with one another. The warehouse logistics processes, which had previously been operated conventionally, will now be completely automated. The order for the design and implementation was awarded to the German general contractor WITRON.

The facility is set to supply 270 stores around The Netherlands. The supply chain project will go live in 2022. On a peak day the fully and semi-automatic  WITRON systems are able to pick and consolidate more than 410,000 cases onto roll containers and into totes. This will be achieved via OPM (Order Picking Machinery) with 20 COM machines, DPS (Dynamic Picking System) with 12 workstations, and CPS (Car Picking System) .

A mechanized pallet warehouse will be integrated into the facility. There will be 26,800 storage locations, a tray warehouse with 357,000 storage locations, as well as a tote warehouse with 27,500 tote locations. Highly dynamic conveyor system elements from WITRON’s subsidiary FAS as well as the intelligent WITRON software portal 4.0 will ensure a material flow that is perfectly connected in a physical and data-related manner.

The Dutch food retailer, Plus Retail B.V., headquartered in Utrecht generated sales of 2.61 billion Euros with 19,000 staff members in 2019. The market share in the Netherlands amounts to 6,5%. The retail company sells its products through its entrepreneurs and its online portal.

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