Grosvenor and URBZ Form €150 Million Dutch Logistics JV
Deal News | Jan 17, 2025 | Grosvenor Group Ltd
Grosvenor Diversified Property Investments and URBZ Capital have established a joint venture focused on acquiring and enhancing logistics facilities across the Netherlands. Launching with an investment target of €150 million, the venture aims to convert existing logistics properties into high-performing green assets to address the growing demand for modern, sustainable logistics real estate. The joint initiative, targeting Core+ and Value-Add opportunities, reflects both firms' commitment to sustainability and environmental responsibility. The first acquisition under the venture is a 14,000 sqm logistics facility in Den Bosch, which will undergo renovation to align with the partnership's sustainability goals. Grosvenor's long-standing investment ethos and URBZ Capital’s pan-European expertise in logistics are set to create a portfolio of environmentally resilient facilities in key Dutch markets.
Sectors
- Real Estate and Investment
- Sustainable Development
Geography
- Netherlands – The joint venture specifically targets logistics facilities in the Netherlands, emphasizing its strategic relevance in the region.
- Europe – URBZ Capital operates across Europe, and the partnership has implications for broader European logistics and real estate markets.
Industry
- Real Estate and Investment – The article is primarily focused on the real estate industry, particularly within the logistics sub-sector, as Grosvenor and URBZ are investing in logistics facilities.
- Sustainable Development – The focus on converting facilities into high-performing green assets and the commitment to environmental goals are central to the joint venture's strategy.
Financials
- €150 million – The initial investment target for the logistics joint venture between Grosvenor and URBZ.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grosvenor Group Ltd. | Private Equity Firm | Company | An international organization with over 340 years of history, involved in global real estate investments. |
| URBZ Capital | Joint Venture Partner | Company | A pan-European real estate boutique specializing in strategic industrial and logistics properties. |
| Unnamed Leading Logistics Operator | Vendor | Company | The original owner of the Den Bosch logistics facility, which has been acquired by the joint venture. |