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LONDON-C€LOGIX Property Fund, the logistics property fund, has bought a new modern logistics distribution centre at Waddinxveen, in Distripark A12, the Netherlands. The property has a floor space of 150,000 sf and will be occupied in this month by Dammes-Laban. The property is strategically located between Amsterdam, Rotterdam, The Hague and Utrecht and is direct accessible through motorways A12 and A20. The investment is worth €10 million ($9.23 million).

The C€LOGIX Property Fund owns four distribution centres in the Netherlands at Tilburg, Venray, Venlo and Nijmegen, one in Germany at Bedburg, between Dsseldorf and Cologne, and three in France at Mitry-Compans and Lagny-Le-Sec, both near Paris, Charles de Gaulle Airport and Plaine de l’Ain near Lyon.

The Fund comprises 10 Dutch institutional investors and expects to have built up a commercial property portfolio worth more than €200 million ($185 million) in 2002. It invests exclusively in logistics distribution centres at strategic locations in Belgium, France, Germany and the Netherlands.

The fund manager, Aberdeen Property Investors has identified 30 hotspots in these countries as targets for investment.

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