Real Estate Performance News

CityLink buys new development on Westbaan in Moordrecht for last mile logistic platform

This is a high-quality, newly built and fully leased business complex, situated at a unique, high visibility location along the A20 motorway.

The development comprises a total of approximately 4,322 m² and is divided into two units with a total lettable floor area of approximately 1,265 m² and approximately 3,057 m² of business & office space. The property is situated on a plot of approximately 6,000 m². Seller Arvast developed the business complex, located at Westbaan 140-142 in Moordrecht, for two leading tenants and recently completed it.

About CityLink

Private equity real estate investor HighBrook Investors, together with asset manager and developer Proptimize, founded the CityLink platform in early 2021. The focus is on urban logistics real estate for last-mile solutions, the growing trend in densely populated areas. In the coming months, CityLink wants to expand its portfolio from ± 40 DCs to more than 70 DCs in the Randstad and Eindhoven region.

Buyer CityLink has been advised in this transaction by De Mik Bedrijfshuisvesting.