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Learn About Our Current Investment Property

Discover cash-producing investment opportunities from our real estate investment firm. Maplewood International REIT matches Toronto, Ontario-based investors with properties throughout Europe. With an initial focus in the Netherlands, we've discovered the Rexnord Property. Situated near the largest port in Europe, this property is sure to offer prosperous income growth.

Rexnord Property

Rexnord Property Overview

Our first investment property – the Rexnord Property – is located at Einsteinstraat 1 in s'-Gravenzande, the Netherlands. This picturesque property is approximately 30 kilometres northwest of Rotterdam – home to the largest port in Europe – and 16 kilometres southwest of The Hague, the third largest city in the Netherlands and home to the Dutch government and parliament.

The Netherlands, one of the founding members of the European Union and Eurozone, enjoys an elite investment grade credit rating – Fitch: AAA, Moody's: Aaa, S&P: AA+. It also boasts a strong economic position, and is ranked as the third highest gross domestic product (GDP) per capita in the Eurozone and the fifth largest economy by GDP in the Eurozone, according to the International Monetary Fund (World Economic Outlook Database, April 2013).

Property Details

Our initial property is a large-scale industrial complex, comprised of approximately 130,405 square feet of gross leasable area – approximately 12,115 square metres. Roughly 20,785 square feet – 1,931 square metres – are used for an integrated 3-storey office building.

The Rexnord Property is 100 percent leased, pursuant to an annual inflation-indexed lease with a remaining lease term of approximately 8 years at the time of acquisition. This lease also comes with unlimited, automatic 5-year renewal terms to Rexnord FlatTop Europe B.V. – a wholly-owned subsidiary of Rexnord Corporation. Rexnord has a corporate history dating back to 1892 and is listed on the New York Stock Exchange, with a market capitalization of approximately $3 billion.

Our property serves as a mission-critical facility for Rexnord within its Process and Motion Control division. Its function is specifically to design, manufacture, market, and service specified highly-engineered mechanical components known as flattops, which are used within complex conveyor chain systems. The Rexnord Property is strategically located in a prominent industrial zone and is surrounded by major transportation arteries.

Rexnod Entrance

Rexnod Garage Doors