APF has extended the lease contract for Timberland’s current European distribution centre (39,000 m²) and concluded a new lease contract for an expansion of 13,000 m². This involves a long-term lease contract for a total surface area of 52,000 m². This project was realised within seven months via a Design & Build agreement with the contractor.
APF has extended the lease contract for Timberland’s current European distribution centre measuring 39,000 m² of leasable floor area (including office and mezzanine) and concluded a new lease contract for an extension of 13,000 m² of leasable floor area. This involves a long-term lease contract for a total surface area of 52,000 m².
To cover the new construction activities for Timberland, a perpetual leasehold agreement was concluded with Regionaal Business Park Twente (Almelo municipality) for 19,300 m² of land. A Design & Build contract was concluded with Systabo, a contractor specialised in distribution centres, for design and turnkey realisation. APF managed the project from design to realisation within a highly ambitious time frame. This involved obtaining an environmental permit within weeks in collaboration with the Almelo municipality and Systabo, among others, and ready-for-use delivery of the building to Timberland within a mere seven months.
After extending the lease agreement and realising the expansion, Aspen sold the building to a foreign investor specialising in logistics real estate.
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