Tritax EuroBox, the Continental European logistics investor, has let 25,607 sqm of logistics space in Breda, the Netherlands, to Samsung SDS, the IT arm of Samsung Group.
The lease, which has been agreed for a three-year term subject to annual CPI uplifts reflecting 100% of the Dutch Consumer Price Index, includes green clauses that ensure the commitment of the tenant to use the building in a sustainable way, sharing data on energy, water consumption waste management and recycling.
The Breda property was acquired in December 2019 with 20,415 sqm of the 46,022 sqm in gross internal area already leased to Abbott Logistics B.V., part of Abbott Laboratories, on a 10-year lease term. The remaining space benefited from a 12-month third party rental guarantee to Tritax EuroBox.
The initial rent agreed with Samsung is at an initial annual headline rent 6% above the level of the rental guarantee secured at acquisition.
The property has a BREEAM ‘Very Good’ rating with solar panels across the entire roof and LED lighting, providing the tenant with efficient and low carbon energy use.
EBOX : Tritax EuroBox lets Dutch asset to Samsung