Real I.S. announces that it has acquired a new logistics development of over 15,500 sqm in Den Hoorn (near The Hague) from a joint venture between property developer Delta Development Group (‘Delta’) and European Logistics Real Estate Partners (ELREP).
The highly sustainable distribution centre has a BREEAM ‘Very Good’ label. The future tenant of the property is Sandvik, a Swedish manufacturer of machine tools.
machine tools manufacturer Sandvik, which will use it as its European distribution center. Sandvik has committed to a lease term of 15 years.