Aquisition of Traveller I in Venlo / by Joris van Gelder

ESTADIUM has advised Aareal Asset Management with their aquisition of the logistic centre Traveller I at Trade Port West in Venlo. Traveller I is a new development of Habru Projecten BV and will become a 12.050 m² logistic warehouse with offices.

Traveller I is located prominently on Trade Port West and well visible at the entrance of Trade Port West in Venlo. Traveller will be developed at the state of the art in architecture and building design. Completion is planned for January 2007. Aareal Asset Management aquired this logistic centre for their Aareal EuroLogistics Fund. This property is the first acquisition of Aareal EuroLogistics Fund at Trade Port West. Aareal EuroLogistics Fund will invest more than 500 miljoen Euro over the coming years with a strategy for modern, large scale distribution centres at logistics hubs within the Euro zone. Aareal Asset Management is very happy with the acquisition of this state-of-the-art property at this unique location in Venlo. Developer Habru Projecten BV is closely related to Heidenend Sneltransport, one of the more established local logistic companies from the region Venlo. In 2002 they were responsible for the development and construction of the European DC of Tommy Hilfiger in Tegelen.