Sustainable bond for new logistics centres
Sustainable, large storage areas are more in demand than ever. In Eemshaven, right next to the seaport of Groningen in north-east Holland, Necron is building a 60,000 m2 multi-tenant logistics building on a 12-hectare site (equivalent to approx. 24 football pitches). VISUALISATION NECRON
Picard Angst ESG Competence Center expands the Bond Infrastructure Programme with a sustainable bond for three new logistics centres in the Netherlands. Built with renewable raw materials such as wood, the buildings are strategically located in Europe's leading logistics hub.
With the new Bond, Picard Angst is supporting the construction of three new sustainable logistics centres in Hoeksche Waartd, Dordrecht and Deventer. The environmentally friendly buildings will be constructed using renewable raw materials such as wood to keep the ecological footprint as small as possible. Wind turbines, among other things, serve as energy sources for the operation.
The Netherlands is already the leading logistics centre in Europe. And its attractiveness will continue to increase. On the one hand, due to the increasingly used Northeast Passage, which shortens the freight time from Europe to Asia by a third compared to the southern route through the Suez Canal. On the other hand, Holland, unlike Hamburg and Bremerhaven, has sufficient land reserves close to the coast.
The pandemic and the high demand have caused global supply chains to falter. This is leading to a widespread rethinking of just-in-time production in the industry. Thus, large storage areas in well-developed locations are more in demand than ever.
The three centres are strategically located in prime locations. The proximity to Rotterdam, the largest port for goods handling in Europe, but also the ideal position on the most important transport routes makes the logistics centres an ideal starting point for deliveries to all of Europe. Within 24 hours, 170 million consumers can be reached from Amsterdam or Rotterdam.
Logistic Center Hoeksche Waard
Logistic Center Dordrecht
Logistic Center Deventer
The land for all three projects has already been acquired and planning is well advanced. Construction is scheduled to start in the second quarter of 2022, with completion in mid-2023. The centre in Deventer is already fully leased for 20 years, and negotiations are underway for the other two properties.
Track Record Necron Group AG
The logistics projects financed with the sustainable bond will be realised by Necron Group AG. The Swiss real estate investment company based in Zug specialises in the development of commercial real estate in the Netherlands. Since 2019, Necron has developed projects with a total volume of over 400 million euros and successfully placed them on the market:
|Ridderkerk DC, Rotterdam||sold|
|Nijkerk DC, Amsterdam||fully leased|
|Flevokust DC, Lelystad, Amsterdam||fully leased|
|Eemshaven DC, Groningen||final negotiations for sale|
|Intercity Hotel, Schiphol, Amsterdam||sold|
|Intercity Hotel & Office, Zurich Airport||sold|
|ISIN||CHF CH1138509547 /
|Coupon||CHF 5.5% p.a. /
EUR 5.75% p.a.
|Subscription Period||February 9, 2022|
|Secured||Yes, pledge of property|
|Issue Size||30 Mio.|
Registration Webinar «Sustainable Logistics Bond»
Daniel Gerber, Head of Business Development, together with our partner, Necron Group AG, will give us an in-depth insight into the financing of the logistics project in Holland.
The webinar will take place on Tuesday, 25.01.2022 from 11:15 – 11:45 am.
We look forward to your participation!
All fields marked with * are required.
Head of Business Development
This content is for information purposes only and should not be construed as an investment recommendation, investment advice or the result of any financial analysis, nor should it be construed as an offer or invitation to submit an offer. The "Guidelines for Ensuring the Independence of Financial Research" of the Swiss Bankers Association do not apply to this publication. This document does not constitute a simplified prospectus pursuant to Art. 5 CISA, an offering prospectus pursuant to Art. 652a or Art. 1156 CO or a listing notice within the meaning of the Listing Rules. Therefore, only the simplified prospectus drawn up by the issuer is authoritative, together with all additional product information of the issuer. The simplified prospectus and the additional product information of the issuer as well as the brochure "Special Risks in Securities Trading" may be obtained free of charge at any time from Picard Angst AG, CH-8808 Pfäffikon SZ (Tel. +41 (0)55 290 55 55* or e-mail firstname.lastname@example.org)
From a legal point of view, structured products are debt securities (receivables), so that the default risk depends on the creditworthiness of the issuer. In this respect, the investor bears the risk of a deterioration in the creditworthiness or insolvency of the issuer, which can lead to a partial or total loss of the invested capital
For a detailed description of all material risks (issuer risk, market risk, currency risk, liquidity risk, product-specific risks, etc.), please refer explicitly to the simplified prospectus of the issuer, together with all additional product information of the issuer. The information contained herein does not replace the qualified advice absolutely necessary prior to any purchase or investment decision, in particular with regard to all associated risks and the suitability of this product
This publication and the financial product depicted therein are not intended for persons subject to a jurisdiction that restricts or prohibits the distribution of this financial product or of this publication or the information contained therein.
Performance achieved in the past must never be understood as an indication or guarantee of future performance. All information is provided without guarantee
Calls to the number marked with (*) may be recorded. If you call this number, we assume that you agree to this business practice.