CBRE GI acquires Belgian logistics package from MG Real Estate

CBRE Global Investors has announced the acquisition of three prime logistics assets located in a hotspot in Belgium, on behalf of the CBRE Logistics Venture.

The seller is the Belgium investor-developer MG Real Estate, and the transaction was sourced off-market for an undisclosed amount.
The new-acquired assets currently have a total of 59,220 m2 of gross lettable area, and include two potential future developments totalling an additional 77,328 m2. Once finalised the total GLA will amount to 136,548 m2.
The two assets are distribution centers leased to Nedcargo and Vanden Borre and are located within the logistics centre MG Park De Hulst in Willebroek.
The CBRE Logistics Venture is a newly established open-end vehicle which will acquire and manage high-quality logistics assets with a focus on 'build to core' strategies.
CBRE Global Investors was advised by Linklaters, Loyens&Loeff and CBRE. MG Real Estate was advised by DLA Piper.


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