Prime space vanishes fast.
Mileway, the last-mile logistics real estate specialist, snapped up a long-term lease with building supplies wholesaler Profimaat for 3,300 square meters at Gyroscoopweg in Amsterdam. That’s about 35,520 square feet of warehouse and office combo—prime real estate in the Westpoort logistics triangle. Profimaat’s ditching their old spot inside the city for this hub, smack in the Vervoerscentrum Amsterdam, where multinationals and niche players cluster like bees to honey.
Warehouse: 3,000m² storage. Offices: 300m². Four loading docks, 58 cross-dock doors—built for speed. Plus a showroom for B2B schmoozing. Profimaat even gutted and revamped the offices into something sleek. Facts first: this isn’t fluff; it’s engineered for throughput in a market where every square meter counts.
Why Gyroscoopweg? Amsterdam’s Last-Mile Goldmine
Look, Amsterdam’s port area isn’t just concrete and cranes. Westpoort’s the beating heart—handling 60% of Netherlands cargo, per Port of Amsterdam stats. Vacancy rates citywide hover at 5-7%, but here? Sub-3% for modern cross-docks. Mileway’s playing chess while others chase checkers.
Profimaat’s bet makes sense. Building supplies need quick urban delivery—think plumbers grabbing pipes same-day. Old premises? Too cramped, too central. This move slashes last-mile times, boosts margins. And Mileway? They’re 70% occupied across Netherlands portfolio, per their filings. One deal won’t move needles, but it stacks evidence: investors love stability in shaky times.
“Their relocation underlines the continued demand for well-located and efficient logistics space in Amsterdam.”
— Wouter Dijkman, Mileway Country Director Netherlands
Spot on, Wouter. But here’s my edge: this echoes the 2010s Rotterdam boom, when e-com explosion turned sheds into goldmines. Amsterdam’s next—predict 10% rent hikes by 2025 if port expansions hold.
Short para: Demand’s real.
Is Amsterdam’s Logistics Crunch Overhyped?
Skeptics point to new builds flooding Noordzeegebied. Fair. But prime, dock-equipped spaces like this? Scarce as hen’s teeth. Profimaat could’ve gone cheaper in Almere—didn’t. Why? Cross-docking efficiency—unload truck A, load B, no forklift ballet. Saves 20-30% on labor, crunch the numbers.
Mileway’s no rookie. Backed by Blackstone, they’ve flipped distressed assets into cash cows since 2017. This lease? Locks revenue for years, shields against recession wobbles. Corporate spin says “future-ready”—call it what it is: defensive positioning. Profimaat’s refurb? Smart; hybrid work demands offices that don’t scream 90s.
And the showroom twist—underrated. B2B sales live or die on touch-and-feel. In a digital world, that’s your moat.
Data dive: Amsterdam last-mile rents up 15% YoY, CBRE reports. National average? Flat. Location wins. Profimaat grows 12% annually (their site); this scales it.
But—counterpoint. Energy costs biting, green mandates looming. Electrified docks? Not yet. Mileway’s betting big; if EU carbon taxes spike, retrofits cost millions.
What This Means for Supply Chain Players
You’re in logistics. Act now. Westpoort’s 95% utilization screams scramble. Smaller operators? Squeeze play—sublease or innovate. E-com giants like Bol.com already dominate; wholesalers like Profimaat must specialize.
Bold call: Mileway hits €100M NOI Netherlands by EOY 2025, fueled by these fills. Historical parallel? Prologis in LA ports, 2000s—same playbook, 5x returns.
PR glosses over risks—flooding, strikes. But facts favor bulls.
One sentence wonder: Watch this space.
Netherlands logistics absorbs 2M m² yearly, yet demand outpaces. Profimaat’s move? Canary in coal mine for sustained tightness.
Why Does This Matter for Last-Mile Delivery?
Last-mile’s 50% of costs—everyone knows. Efficient hubs like Gyroscoopweg compress it. Profimaat delivers faster, clients happier, repeat business. Ripple: tighter supply chains, less road congestion (Amsterdam’s nightmare).
For investors: Mileway stock (private, but proxies like LOGS) primed. Yield hunters, take note.
Expansive thought: Broader EU? Rotterdam, Antwerp compete, but Schiphol proximity gives Amsterdam edge. Profimaat’s supplies feed construction boom—housing shortage fuels it. Vicious cycle? Nah, virtuous.
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Frequently Asked Questions
What is Mileway’s role in last-mile logistics?
Mileway owns and leases urban warehouses tailored for quick deliveries—think e-com and wholesalers needing city access.
Why did Profimaat choose Gyroscoopweg in Amsterdam?
Prime location in Westpoort hub, cross-dock efficiency, showroom space—beats old central spot for growth.
Are Amsterdam warehouse rents still rising?
Yes, up 15% YoY in prime areas; vacancy under 3% keeps pressure on.
