CBRE Investment Management acquires warehouse complex in Belgium

CBRE Investment Management has acquired a logistics warehouse complex in Belgium in an off-market, sale-leaseback transaction. The deal was made on behalf of one of the firm’s Pan-European funds.

The Ghent Logistic Campus comprises a total of 149,409 square meters (1.6 million square feet) of new, state-of-the-art, grade-A warehouse space; 26,854 square meters (289,054 square feet) of mezzanine space; and 7,957 square meters (85,648 square feet) of office space.

The asset is situated in a modern, multimodal transportation hub in the Port of Ghent. CBRE Investment Management said the complex 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.

“This was a rare opportunity to acquire a high-quality logistics campus in Belgium — a market that is highly sought after by inter