CBRE Investment Management has sold Aartselaar Business Park in Antwerp, Belgium. The light industrial asset was acquired by the real estate department of the family office investor Baltisse.
The property comprises a light industrial, 36,288m² complex of warehouse and offices divided over two separate buildings. It was built in 1975 and was renovated between 2007 and 2009. The asset offers 18 separate units with each unit consisting of an industrial area with some loading docks and an office part directly adjacent. The asset is located in the Antwerp South Region of Belgium and close to the A12 motorway to Brussels.
“Following the successful execution of the business plan, recent leasing successes and the high investor demand for industrial assets, the timing was right to sell this asset,” commented Arthur De Four, Senior Asset Manager, CBRE Investment Management. “The asset has performed well for our investors and as the fund and company’s strategy and strategic requirements for logistics assets have evolved over time, we are pleased with the successful conclusion of this sale.”
“The acquisition of Aartselaar Business Park affirms our wish to strengthen and extend our investment portfolio with well-located industrial buildings,” Commented Alex De Witte, CEO Baltisse Real Estate. “The location, mix of strong tenants and size and shape of the land (7ha) respond to the criteria we consider essential to be successfully active in the sector on a short or long term perspective.”
