Real estate investment trust Leasinvest Real Estate (Euronext LEAS) has concluded with Caterpillar a new rental contract for the second phase of Canal Logistics in Neder-over-Heembeek (Brussels) for the entire 20,664 m² of storage space. 60 % of the entire site is occupied.
For the second phase of Canal Logistics a rental contract was concluded at the end of October 2011 for the entire storage space of 20,664 m² and for half of the offices, namely 623 m². This agreement entered into force on November 1, 2011, and was realized through Jones Lang LaSalle.
Jean-Louis Appelmans, CEO of Leasinvest Real Estate, said: "We are pleased that for the further extension of its logistics activities Caterpillar will be established at Canal Logistics Brussels, located in the logistics heart of Europe with Brussels as its capital, again proving the appeal of this logistics site."