Crossbay II realises further expansion with the acquisition of a second distribution centre in Almere

Press Release • December 2024

Last-mile platform Crossbay has acquired a new distribution centre located in Almere. The investor is adding approximately 10,524 square meters to its second portfolio. The recently acquired property is leased to an international company specializing in the development and sale of premium fitness equipment. The property was built in 1999/2008 and is designed to be potentially rented out in three separate units. The building has a clear height of 11.5 meters, 18 loading docks, and an Energy label A. Almere’s location along the A6 motorway provides excellent connections to Amsterdam, the Randstad, and other key logistics hubs. The location is ideal for this tenant, given the strong economic growth and the central position in the Netherlands, which ensures efficient access to both national and international markets.

Crossbay was technically assisted by CBRE in the acquisition of the distribution centre. Additionally, Deloitte (tax), Zadelhoff Vastgoedadviseurs B.V. (commercial), Core Notariaat (notary), and Florent (legal) provided support to the organization.

Crossbay II is the pan-European last-mile logistics platform of MARK. With the acquisition of this seventh distribution centre in the Netherlands, the platform further strengthens its position following the final closing of the fund. The fund has raised €660 million in total investment commitments, a 20% increase compared to the previous fund, Crossbay I. New investors include pension funds, sovereign wealth funds, and family offices from Europe, Asia, and the US, with the largest returning investor being CBRE Investment Management. The fund currently manages around €1 billion in assets, with investments in the UK, France, the Benelux region, Germany, Spain, and Italy.

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