Logistics Capital Partners (LCP) has sold a €42.5m distribution centre in Limburg, Belgium to Nolmans Retail Support, which will use the facility for toy retailer ToyChamp.
The 40,000sqm warehouse, featuring a 4,000sqm mezzanine, 44 docks and 2,650sqm of office space, will replace ToyChamp’s existing location in Genk.
Koen Nolmans, CEO of ToyChamp, said: “Due to the enormous growth of our company, with ToyChamp expanding from 33 to 43 stores since early 2024, and especially with the acquisition of Intertoys in the Netherlands, our current Nolmans Retail Support location in Genk is quickly becoming too small.
“With our continued expansion in mind, we are pleased to have acquired a new site nearby that fully aligns with our growth ambitions.”
Ceusters, acting as LCP’s broker, facilitated the transaction for the site, which LCP developed in 2023.
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