International Industrial Properties (IIProp), a dynamic logistics platform dedicated to investing in industrial and logistics assets across key European markets, has started construction on a state-of-the-art 34,244 sqm logistics facility located close to the city of Zwolle, in northern Netherlands. IIProp is a collaborative venture between Madison International Realty and Griffin Capital Partners, combining expertise and resources to drive forward this new development.

The logistics facility is strategically situated within a sustainable business park offering unparalleled connectivity to major transport routes including the A32 highway (Meppel-Leeuwarden) and direct access to the A28 motorway (Heerenveen-Zwolle). Additionally, it provides excellent connectivity to Hoogeveen/Meppel and the German border via the A37 motorway. Notably, the MCS-terminal, one of the largest container terminals in the Netherlands, is a short drive away, further enhancing logistical efficiency and accessibility.

Hubert Rossa, Senior Vice President Investments at Griffin Capital Partners, said: "Our latest venture in the Netherlands seamlessly integrates into our global portfolio, strategically positioned at vital transportation nodes, facilitating unparalleled access to pivotal European markets while adhering to the most stringent environmental benchmarks. We are confident this development will attract significant interest from both tenants and investors. As IIProp's core business is delivering high-end logistics assets, we are committed to actively expanding our portfolio in the coming months.”

The Zwolle project aims to achieve a BREEAM certification of 'Very Good.' Designed as a high-end distribution centre, the warehouse is meticulously engineered with a profound commitment to environmental sustainability, prioritizing the preservation of the surrounding natural ecosystem.

The strategic vision and execution of IIProp in expanding its presence in the European logistics market demonstrates their commitment to delivering value to investors while contributing positively to the region’s economic landscape”, said Maximilian Sauermann, Vice President of Investments at Madison International Realty. “The commencement of construction on this cutting-edge logistics facility in Zwolle marks yet another milestone in IIProp’s journey towards excellence and we look forward to witnessing its continued success.”

The construction started in Q4 2023 and is expected to be completed in Q1 2025.

IIProp is expanding its presence in the European logistics market and managing its portfolio through successful disposals post-development and lease-up of its properties. In 2023, the company sold two logistics assets in Germany and one in Spain. Currently, IIProp’s portfolio includes seven projects.