CBRE GI logistics fund buys Belgian assets from MG Real Estate

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CBRE Global Investors has bought three prime logistics assets in Belgium, on behalf of a newly created logistics fund, from MG Real Estate.

The $104.2bn (€89.34bn) real asset manager said it acquired the assets for CBRE Logistics Venture for an undisclosed sum. CBRE Logistics Venture is an open-end vehicle which will acquire and manage high-quality logistics assets with a focus on “build to core” strategies.

The acquired assets currently have a total of 59,220sqm gross lettable area and include two potential future developments totalling an additional 77,328sqm.

The two assets are distribution centres leased to Nedcargo and Vanden Borre and are located within the logistics centre MG Park De Hulst in Willebroek.


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