Prologis European Logistics Partners Sàrl acquires 12,600 m² distribution center in Belgium (BE)

Prologis, Inc. announced that Prologis European Logistics Partners Sàrl has acquired a 12,600 m² distribution facility in Tongeren, Belgium.

Situated on a 12 acre plot at Heesterveldweg 14, the facility is strategically located next to the E313 motorway between Antwerp and Liege in the east of Belgium. It is available immediately for rent and offers expansion potential of up to 13,000 m².

Prologis currently manages a 21,000 m² facility at the site for PELP. With this acquisition, the total distribution space under management in Tongeren is 33,600 m².

“We continuously seek opportunities to expand our portfolio so we can offer a wide variety of top quality facilities in the best locations across the Benelux,” said Bram Verhoeven, vice president, Prologis Benelux. “The acquisition of this Class-A distribution facility is a good example of our strategy in action.”

PELP is a 50/50 joint venture between Prologis and Norges Bank Investment Management (NBIM). With this acquisition, PELP’s portfolio in Europe includes 207 logistics facilities totalling 4.8 million m².

Source: Prologis

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