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Tristan Fund, Whitewood form €200m Belgium logistics JV
Transactions - SEPTEMBER 13, 2021

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Tristan Fund, Whitewood form €200m Belgium logistics JV

by Released

A joint venture between Tristan Capital Partners’ CCP 5 core-plus Fund and Whitewood has acquired, off market, a strategically significant 75,000-square-meter (807,000-square-foot) logistics asset in Genk, Belgium. The asset is part of the real estate certificate Immo Genk-Zuid, managed by KBC Real Estate.

The acquisition of the asset will form the basis of a planned logistics portfolio to be assembled by CCP 5 and Whitewood in Belgium. The fund will target logistics assets across top axis locations in Belgium in sale/leasebacks, developments, vacant possession and leased asset transactions.

Kick Van der Wel, executive director, investments at Tristan, said, “The Belgian logistics sector has been a resilient performer throughout the COVID crisis, with buoyant take-up and supply still struggling to meet the growth in demand. This growth and resiliency is supported by Belgium’s dominance as an exporter of pharmaceuticals in Europe, the strength of Liege airport and

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