Bowery Europe, together with King Street Capital Management, has completed the acquisition of two modern logistics facilities in Aalsmeer, Netherlands, totalling approximately 50,000m² (c. 538,195ft²).
The two newly acquired assets serve as key facilities to its occupiers operating in the flower distribution business.
Both assets underwent recent substantial refurbishments and expansions and have been equipped with solar power systems.
The transactions bring the Voyage portfolio’s total European footprint to more than 300,000m² (c. 322917), with the Netherlands accounting for approximately 25% of the total area.
Over the past two years, Bowery has signed numerous leases that are progressing the portfolio towards stabilisation.
Bowery will also implement asset management initiatives on both Amsterdam acquisitions, with planned ESG upgrades to further enhance operational efficiency and environmental performance.
The acquisitions are expected to be accretive to the Voyage portfolio in terms of location quality, building specification and income profile.
Bowery Europe chief executive, Jean-Marie Caillon, said: “These acquisitions represent an important milestone in the growth of our Voyage portfolio and reflect our ability to source high-quality, off-market opportunities in core European logistics markets.
“Aalsmeer is a strategically significant location, benefiting from proximity to critical transport infrastructure and serving specialised distribution requirements in the flower and plant sector.
“Both assets offer strong ESG fundamentals, supported by existing renewable energy installations that reduce operational carbon intensity and provide long-term cost savings for our tenants.
“We are pleased to expand our presence in the Netherlands, a market characterised by resilient fundamentals and continued demand for well-located logistics assets.”
