SEGRO acquires 75,000sqm Logistics Centre in Oosterhout, Netherlands, from Weerts Group

The acquisition builds further scale in a region which acts as a key logistics hub for Continental Europe, as well as the Dutch domestic market.

The building was constructed in 2022. In line with the company’s Responsible SEGRO commitment to Champion low-carbon growth it has BREEAM Excellent and EPC A++++ ratings, incorporates a 5.6MWp photovoltaic panel system, is fitted with 100 EV chargers (22% of the total parking spaces) and utilises smart technology to monitor and help reduce the occupiers’ energy consumption. It consists of four units, three of which are leased to fashion retailer Primark, and the fourth is leased to international health and beauty retailer A.S. Watson, which owns retail brands such as Superdrug, ICI Paris XL and Kruidvat.

It is approximately 10km west of Tilburg where SEGRO already owns several assets and is extremely well located around key transport routes – just off the A27 motorway between Breda and Utrecht, and between the A59 and A58 motorways along the Rotterdam and Venlo corridor. 

Eelco Ouwerkerk, Head of The Netherlands, SEGRO said: 

“Following our acquisitions of high-quality warehouse facilities in Noord-Brabant and Limburg earlier this year, this purchase further cements our conviction that the south of the Netherlands is a key logistics market. 

“It is important to us that when we invest in new assets or development opportunities that they not only represent excellent commercial opportunities but that they align with our Responsible SEGRO ambitions to champion low-carbon growth. This asset does both with strong potential returns and impressive sustainability credentials.”

The acquisition follows the June 2024 purchase of a 98,000 sqm modern logistics estate in Eindhoven, a 37,800 sqm newly built logistics warehouse in Heerlen and a 36,500 sqm logistics warehouse in Tilburg, all of which are in line with SEGRO’s investment criteria in terms of returns, location and quality.

SEGRO was commercially advised by JLL. Its technical advisor was SGS Search and its legal representation was provided by Stibbe. 

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing (including data centres) located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent. 

Striving for the highest standards of innovation, sustainable business practices and enabling economic and societal prosperity underpins SEGRO’s ambition to be the best property company.