Boreal IM, a pan-European investment management firm, & Cadillac Fairview, a globally focused owner, operator, investor, and developer of best-in-class real estate, completed the acquisition of 15 warehouses in the Netherlands from Europa Capital, a real estate investment manager, and ARC Real Estate Partners, an independent real estate investment management. Financial terms were not disclosed. “This acquisition is a highly strategic one and creates a firm foothold within the Netherlands, one of our key target markets in the build-out of our pan-European portfolio. We were particularly attracted by the low in-place rents, which combined with the leases’ indexation provisions, will offer an attractive combination of defensive cash flows with material medium term upside. It dovetails well with our existing holding in the Netherlands, a 100k sqm estate in the Port of Rotterdam. Despite the current macro headwinds, we will continue to selectively make further investments for our portfolio on behalf of the JV with Cadillac Fairview," James Farmer, Boreal IM Partner.