CBRE acquires logistics platform in Puurs for €22.7 mln (BE)

CBRE Global Investors has completed the acquisition of a logistics platform in Puurs, Belgium, for €22.7 million.

The 39,382 m² Grade A building, which is divided into two units, is fully let to logistics provider DSV on two long term leases.

The asset is centrally located on the Antwerp - Brussels axis, one of the most prime and strongest logistics markets in Europe. The asset has been acquired on behalf of one of its separate account clients.

John Ozinga, Head of Separate Accounts Continental Europe, CBRE Global Investors, said:

“This asset fits with the requirements of our client as we are focused on enhancing direct returns and diversifying the portfolio across Europe.

Our client is in the process of repositioning its real estate portfolio and diversifying across Europe. After having executed the acquisition of the German logistics asset in Falkensee in February, this is the second acquisition this year on behalf of this client.”

Source: CBRE Global Investors

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