• 26,595 sqm logistics facility in Waalwijk acquired off market from Aberdeen in a joint venture with URBZ Capital 
• Asset is fully leased to DP World Logistics, with attractive reversion potential upon lease expiry 
• The deal marks the fifth transaction in the Netherlands since joint venture launch in early 2025

Grosvenor’s Diversified Property Investments business (GDPI), through its joint venture with URBZ Capital (‘URBZ’), has successfully completed its fifth acquisition in the Netherlands. 

The 26,595 sqm Waalwijk facility is strategically positioned within one of the Netherlands' established logistics clusters, with direct access to the A59 highway and proximity to the barge and rail terminal serving Waalwijk and Tilburg. The asset is fully leased to DP World Logistics, a global integrated logistics provider and port operator. The acquisition brings the joint venture's Netherlands portfolio to five assets totalling over 83,000 sqm, country’s accumulated in little over a year since the partnership launched in early 2025.

With a short remaining lease term, the facility provides attractive re-letting opportunities and reversion potential, including flexibility for both single and multi-tenant occupation.

This follows two acquisitions earlier this year, an 11,000 sqm cross-dock logistics facility in Ede and a 9,500 sqm facility in Breda, building on last year’s acquisitions of a 22,000 sqm facility in Venlo and a 14,000 sqm facility in Den Bosch. Each asset has undergone targeted upgrades to enhance energy performance and operational efficiency, reflecting GDPI’s focus on well-located, value-add logistics assets in supply-constrained markets.

GDPI’s approach complements Grosvenor’s core portfolio, targeting sectors and geographies where the Group is underweight and executing shorter-term business plans to crystallise gains. Since 2012, GDPI has backed specialist teams across five continents and a broad range of sectors, from student accommodation in Brazil to life sciences in the US. The business is now set to grow to around a quarter of Grosvenor’s balance sheet.

Erika Birkett-May, Director, Asset Management at Grosvenor DPI, said: 

"Our latest acquisition with URBZ Capital reflects both the strength of our partnership and the effectiveness of the GDPI model. By backing specialist teams with deep local expertise, we can access high-quality, value-add opportunities and move quickly in competitive markets.

The Netherlands portfolio is a strong example of this approach in action – combining well-located assets, secure income and clear repositioning potential. More broadly, it demonstrates how GDPI is delivering on its strategy to scale through repeat partnerships, targeting sectors and geographies where we can drive performance and create long-term value.”

Isabelle Schols, Investment Director Netherlands at URBZ Capital, commented:

 “This is exactly the type of asset we look for - strong location, functional building, and a clear next step. We have secured the asset off-market and can now focus on execution: leasing and upgrading the building to drive performance.

ENDS

About Grosvenor Diversified Property Investments

We’re part of Grosvenor, an international organisation with a track record of over 340 years. Within our global remit, we back specialist local property investment teams, who share our values and have a demonstrable investment track record. By investing Grosvenor’s own capital alongside local partners who have a clear understanding of the changing demands of real estate in their markets, we aim to generate strong commercial results, while advancing our social and environmental ambitions. 

Since our first partnership in 2012, we’ve successfully backed aligned, specialist, local management teams across six continents and in a broad range of sectors including industrial/ logistics, student accommodation, life sciences, healthcare, housing, and offices.

About URBZ Capital

Established in 2020, URBZ Capital is a pan-European real estate boutique specialising in the investment and management of strategic industrial and logistics properties designed to help its customers decarbonise their supply chains. URBZ aims to create value that goes beyond economic profits ─ fostering social impact and sustainable growth. 

Its investment strategy includes acquiring existing assets, undertaking renovations, and engaging in comprehensive redevelopments, reconversions, and land development projects. By focusing on these varied opportunities, URBZ aims to unlock value, drive growth across its portfolio, and achieve sustainable returns while making a meaningful impact in the evolving real estate landscape.

www.urbzcapital.com