Catella Real Estate AG (CREAG), in cooperation with Catella Investment Management Benelux (CIMB), is acquiring a sustainable logistics project development in Maasmechelen, Belgium for the special AIF Catella Logistik Deutschland Plus (CLD). The construction project is already scheduled for completion in July 2024 Before completion, it was fully leased to De Klok Logistics BV and marks the fund's first Belgian investment. The seller is the project developer DC Oude Bunders BV (Vestum BV).
A new logistics property with a rentable area of around 26,600m² is being developed and is expected to receive BREEAM certification with the rating “very good”.
The Maasmechelen location in the Belgian province of Limburg benefits from its proximity to the German and Dutch borders as well as its direct connection to the Rhine-Main-Danube river system via the Maas River, making it an attractive location for logistics and trading companies. The property is located in the established Oude Bunders commercial area with excellent transport connections via the N78 regional road and the E314 motorway (Aachen – Antwerp / Brussels).
“With the purchase of the property in Maasmechelen, we are taking an important step towards the geographical diversification of the portfolio of the 'Catella Logistik Deutschland Plus' fund,” commented Marten Helms, Senior Portfolio Manager Europe at CREAG. “This acquisition in Belgium not only expands our portfolio geographically, but also optimally complements it in terms of ESG criteria.”
Jaime Sarra, Senior Investment Manager at Catella Real Estate AG: “The forward funding transaction in Maasmechelen marks CREAG's 31st investment in the Benelux and underlines our commitment to this region and our strong belief in the Belgian logistics market. This ultra-modern logistics centre, which meets the highest quality standards, is a great addition to our logistics portfolio. In addition, Catella Real Estate AG is launching the second logistics fund for professional and semi-professional investors with the approved special fund “Catella European Logistics Fund Plus (CELF+)”. With its pan-European orientation, Catella is continuing its growth path in the logistics sector.”
Catella was advised by Osborne Clarke, REIUS, Deloitte, and PVM.
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Image provided by Catella.
