Helping a white goods distribution firm grow

Vonk en Co B.V. is a logistics and warehouse business, specialising in the storage and transport of household white goods in the Netherlands. This family business was established almost 70 years ago by the father of the current Mr. Vonk. Their current logistics hub comprises a 43,000 sqm warehouse leased from Logicor in Tiel

Overview

Vonk en Co B.V. is a logistics and warehouse business, specialising in the storage and transport of household white goods in the Netherlands. This family business was established almost 70 years ago by the father of the current Mr. Vonk. Their current logistics hub comprises a 43,000 sqm warehouse leased from Logicor in Tiel.

Background

Logicor acquired the Tiel warehouse leased to Vonk in 2013 at a time when the tenant’s business was under sustained financial pressure caused by a depressed economic environment.

Solution

Realising the client needed assistance to stay in the property, Logicor explored flexible leasing terms that would enable the long-term survival of this family business. The lease was supported by bank guarantees providing comfort and security to both parties.

Result

Logicor’s approach helped save Vonk’s company and gave them new energy to go out and secure new business. As a result of this, Mr. Vonk subsequently took up the warehouse space he handed back to Logicor at the end of 2014. Vonk is a profitable company once again and Logicor have retained a loyal client – a true “win-win” situation for all parties.

Testimonial

“Logicor took the time and effort to understand our business model. Their flexibility gave us the spirit and strength to go out for new clients. Within 12 months we were able to grow our business substantially.”
Eef Vonk, Chief Operating Officer, Internationaal Transportbedrijf Vonk B.V.