Redevco has agreed to a €49.2 million green loan facility to fund a 52,815 square metre logistics development in Tiel, the Netherlands. Issued to Financière ID, the project is over 70% pre-let to ID Logistics. The scheme incorporates a connection to the Medel Energy Island to manage local grid congestion, targets BREEAM Excellent certification and aims for 75% energy self-sufficiency through on-site solar power.
Merritt Properties has broken ground on the third phase of Imeson Landing Business Park in north Jacksonville, Florida. The expansion adds three shallow-bay light industrial buildings totalling 126,500 square feet, expanding the park to 392,700 square feet. Concurrently, Merritt is advancing the second phase of its redevelopment project at Merritt at Gate Parkway, converting vacant offices into modern light industrial units.
Private equity real estate firm Longpoint Partners has bought a 10-building industrial portfolio across Miami-Dade County for $195 million. The deal adds 729,901 square feet of functional, small-bay industrial space in supply-constrained infill locations. Currently 90% occupied by 74 tenants, the portfolio was acquired at roughly $267 per square foot, strengthening the Boston-based firm’s long-standing presence and operational platform in South Florida.
DP World is expanding its UK logistics footprint by taking over six contract logistics facilities from GXO Logistics. The deal includes over two million square feet of warehousing capacity and transfers 2,000 employees. Triggered by a Competition and Markets Authority requirement following GXO’s purchase of Wincanton, the acquisition strengthens DP World's national supply network across ambient, chilled and frozen storage for major British grocers.
Sime Darby Property and ESR have expanded the E-Metro Logistics Park in Selangor, Malaysia, by adding over 2,200,000 square feet of warehouse space. The expansion includes the finished Metrohub 4 facility and the groundbreaking of Metrohub 3. Global beverage brand MIXUE has pre-committed to Metrohub 4, while Metrohub 3 will offer specialised storage for electric vehicle components and lithium batteries.
Galvanize Real Estate has entered the Massachusetts market by acquiring the 360,000-square-foot Liberty Logistics Portfolio in Greater Boston. The three-building purchase expands the firm's US footprint to 3.2 million square feet. The company plans to modernise and decarbonise the assets through solar power, electrification and battery storage, aiming to reduce onsite emissions by 104%.
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