WP Carey have acquired the Upfield Food Science Centre situated at Campus Wageningen University & Research, The Netherlands. The project will deliver a built-to-suit research & development facility which will function as the new European Research & Development Centre of Upfield. This prestigious property comprises of 6,107 sqm lfa, consisting of labs, offices, high-end kitchens, pilot plant, meeting centre, entrance & experience and storage/logistics space. The half sunken parking garage accommodates 66 parking spaces.
The transaction provides a forward funding structure in combination with sale and lease-back. Completion is scheduled in Q1 2022, as of that moment Upfield will occupy the R&D facility for at least 20 years. As producer and developer of plant-based products, Upfield fits perfectly within the Campus of Wageningen University & Research, which is considered the Silicon Valley of the food industry and a world-class location for food innovation. Other major players in the food industry, such as Unilever and FrieslandCampina, have already established their R&D facilities at this location, proving the high potential.
Colliers acted as the strategic advisor, delivering the transaction on behalf of Upfield. Arcadis and Fokkema & Partners acted as the technical advisor, environmental and architectural advisors, whilst Nauta Dutilh acted the legal advisor. On behalf of WP Carey, GT-Law was the legal advisor.
In addition, Colliers currently advises Upfield on a technical and project management perspective, where the project is in construction phase.
The transaction provides a forward funding structure in combination with sale and lease-back. Completion is scheduled in Q1 2022, as of that moment Upfield will occupy the R&D facility for at least 20 years. As producer and developer of plant-based products, Upfield fits perfectly within the Campus of Wageningen University & Research, which is considered the Silicon Valley of the food industry and a world-class location for food innovation. Other major players in the food industry, such as Unilever and FrieslandCampina, have already established their R&D facilities at this location, proving the high potential.
Colliers acted as the strategic advisor, delivering the transaction on behalf of Upfield. Arcadis and Fokkema & Partners acted as the technical advisor, environmental and architectural advisors, whilst Nauta Dutilh acted the legal advisor. On behalf of WP Carey, GT-Law was the legal advisor.
In addition, Colliers currently advises Upfield on a technical and project management perspective, where the project is in construction phase.
