CDC Investissement Immobilier Acquires Grade A Logistics Asset in Bleiswijk from Next Level Development and Wijnen Bouwgroep

PARIS — Sept. 16, 2026 — CDC Investissement Immobilier has acquired a fully leased Grade A logistics asset in Bleiswijk, Netherlands, on behalf of the French Caisse des Depots, the firm announced Tuesday. The transaction marks CDC Investissement Immobilier's first logistics investment in the Netherlands and continues the firm's broader effort to diversify its real estate portfolio across Europe.

The asset, known as Urban Logistics Campus A12 and located at Klappolder 1 in Bleiswijk, was acquired from Dutch developers Next Level Development and Wijnen Bouwgroep. Horrea IM advised CDC Investissement Immobilier on the investment and will assume responsibility for ongoing asset management. TLF served as broker for the sellers.

A Strategic Logistics Campus in the Heart of the Randstad

Urban Logistics Campus A12 sits within the Randstad, the densely connected metropolitan region that encompasses Rotterdam, Amsterdam, The Hague, and Utrecht. The campus is directly connected to the A12 motorway and lies within 20 minutes of Rotterdam, positioning it as a key node in one of Europe's most active logistics corridors.

The property was delivered in 2022 and comprises approximately 37,300 square meters of warehouse, office, and mezzanine space across two units. It carries a BREEAM Excellent certification and is equipped with a rooftop photovoltaic system with a capacity of approximately 4.6 megawatts peak. The campus was developed on the former site of The Greenery, a flower auction estate, illustrating the ongoing conversion of obsolete land into modern logistics stock in constrained Dutch gateway markets.

The submarket has attracted a concentration of food and retail logistics occupiers, a dynamic that underpins the asset's tenant profile and long-term income visibility.

Fully Leased to Two Established Occupiers

The campus is fully let on long-term leases to HB RTS, a provider of returnable transport items, and D-Logistiek, the logistics arm of Dirk, a top-five Dutch supermarket chain. Both tenants use the property as a strategic node in their Dutch distribution networks and have been consolidating their presence in the Bleiswijk area. The grocery-linked nature of the tenant mix is generally viewed as more defensive relative to more cyclical industrial demand.

The asset's 100% occupancy and long-lease structure align with the investment profile that has characterized recent European logistics acquisitions, as investors have grown more selective in favor of fully let, modern, core assets with durable income streams.

Market Context: Dutch Logistics Fundamentals

The Netherlands remains among the tighter logistics markets in Europe, with vacancy in core hubs staying below 6% and limited speculative development continuing to support rental conditions. Prime net initial yields for Tier 1 logistics assets in the Netherlands were approximately 4.60% in 2025, with Tier 2 locations trading at roughly a 50-basis-point premium. By mid-2026, the prime logistics yield in the country had moved to approximately 4.80%, reflecting broader European repricing trends.

Rotterdam-area vacancy rose from approximately 6.3% to 7.3% through mid-2026, a level that market observers characterize as broadly balanced rather than oversupplied. Across Europe, the aggregated logistics vacancy rate stood at approximately 5.6% at mid-year, with prime rental growth expected to moderate to around 1.8% for the full year as developers have slowed new deliveries to stabilize supply.

Structural demand drivers — including e-commerce growth, nearshoring trends, and tighter supply chain management — continue to underpin investor interest in the asset class, even as the pace of capital deployment has become more measured.

CDC's European Logistics Expansion

CDC Investissement Immobilier manages a real estate portfolio of more than €10.6 billion spanning offices, residential, retail, hospitality, and logistics assets in France and across Europe. The Bleiswijk acquisition is part of a broader diversification push that has included logistics investments in other European markets. Horrea IM, which advised on the Dutch transaction, will manage the asset going forward.

CDC Investissement Immobilier and Horrea IM were advised on the transaction by Loyens & Loeff on legal and tax matters, Arcadis on technical and ESG due diligence, and Nova Ambiente on environmental matters. The sellers, Next Level Development and Wijnen Bouwgroep, were advised by Dentons on legal matters and by TLF as broker.

Sources

CDC Investissement Immobilier — Official Announcement, Sept. 16, 2026