CBRE Investment Management has completed the off-market acquisition of Ghent Logistic Campus, a 150,000m² logistics warehouse complex in Ghent, Belgium, via a sale-and-leaseback transaction from Heylen Warehouses, a renowned logistics warehouse specialist in the Benelux region. Ghent Logistic Campus comprises a total of 149,409m² of new, state-of-the-art Grade A warehouse space, 26,854m² of mezzanine space and 7,957m² of office space. Heylen Warehouses has a long-term master lease agreement and Heylen Warehouses will remain responsible for the management of the building.
The asset is situated in a modern, multimodal transportation hub in the Port of Ghent. It is easily accessed via several key European motorways, including the R4 (J. Paryslaan), the E34 (Antwerp-Ghent-Zeebrugge) and the E17 (Antwerp-Ghent-France), and is set to benefit from ongoing major infrastructure works in Antwerp and Ghent.
Piet van Poppel, Country Manager Belgium, CBRE Investment Management, said: “This was a rare opportunity to acquire a high-quality logistics campus in Belgium – a market that is highly sought after by international investors due to its strong fundamentals but remains difficult to access due to the high level of domestic investment. Ghent Logistic Campus is already located in a key multimodal hotspot and its appeal is set to increase further following the completion of key infrastructure works and as part of the broader shift to water and train transportation.”
Ralph Caspanni, CEO Heylen Warehouses commented: “After our exponential growth in the Netherlands, we noticed an increasing demand for logistic warehouses in Belgium. With the development of the Ghent Logistic Campus, Heylen Warehouses will be able to fulfil the demand for large flexible warehouse space and support the further economic development of the Ghent Region.”