The Frankfurt-based TH Real Estate has acquired a logistics development in the Netherlands. The 19,500 sqm project in Waddinxveen in the Netherlands was acquired on behalf of its European Logistics Fund together with Cording Real Estate Group B.V. The purchase price was €22.6m. The construction is to be completed Q2 2018. The property comprises 14,470 sqm of distribution space and 3,845 sqm of office space, all of which has been pre-let to Eosta.
