Rasmala Investment Bank Limited has announced the successful delivery of a robotics-enabled logistics facility in Almelo, Netherlands, marking a major milestone in the firm’s growing European portfolio.
Constructed over a 15-month period, the custom-built distribution centre has been pre-leased for 15 years to a New York Stock Exchange-listed outdoor fashion brand. The €38 million project reinforces Rasmala’s position as one of the leading alternative investment managers in the region, with expanding logistics interests across key European trade corridors.
The Almelo facility spans approximately 312,000 square feet, with a 25-metre height profile, and features warehouse, mezzanine, and office space, supported by 118 parking spaces. Designed to meet the sophisticated demands of automated logistics, the facility has achieved a BREEAM Very Good certification and will serve as the tenant’s main EMEA distribution hub.
“This is a high-quality asset that benefits from a long-term, inflation-protected lease with a reputable tenant, offering a stable return, coupled with capital preservation,” said Ali Taqi, Deputy CEO of Rasmala. “Delivering bespoke structures that help our clients achieve their investment objectives has been a key guiding principle of Rasmala for 25 years.”
Located in the XL Business Park in Almelo—a major logistics corridor in the Netherlands—the property is situated next to another warehouse already leased by the same tenant under Rasmala’s management.
The development was co-executed with GARBE Industrial Real Estate Netherlands and main contractor Systabo, with Rasmala overseeing project delivery and cross-border structuring. The investment underscores the firm’s ability to manage complex, ground-up developments in Europe and deliver income-generating, de-risked assets.
“The successful completion of this project demonstrates our commitment to creating long-term value through high-quality real estate investments,” added Taqi.
This marks Rasmala’s third logistics investment in the Netherlands and exemplifies its active strategy in building a diversified and sustainable logistics platform across Europe.
