MG Real Estate and Montea (MONT) have announced the signing of a partnership agreement with Brussels Airport Company for the development of new a hub for DHL. Consisting of 31,500 m² of warehouse space and 5,000 m² of office space, this new complex will be located in the Brussels Airport cargo area.
DHL has consolidated its airport activities at Brussels Airport by signing a cooperation agreement for the construction of a new hub in Brucargo. DHL is the global market leader in the logistics industry and “The Logistics company for the world”. DHL commits its expertise in international express, air and ocean freight, road and rail transportation, contract logistics and international mail services to its customers.
MG Real Estate (which is part of the De Paepe Group) will be responsible for this unique development comprising the build-to-suit construction of a storage area of about 31,500 m² and an office area of some 5,000 m². The building will be located at the entrance of Brucargo, the logistics platform of Brussels Airport for freight-handling purposes.
Following the successful development of a similar complex for DHL Global Forwarding in 2012, this is the second time that Montea and MG Real Estate will be developing a project in Brucargo for the DHL Group. As was the case for the 2012 development, Montea will acquire this property on handover, subject to a number of the usual suspensive conditions.
DHL will rent this highly strategic building for a fixed 15-year period. The development will start soon. The new build-to-suit project is expected to be operational by the fourth quarter of 2016.