CBRE GI acquires Belgian business park

A CBRE Global Investors fund has bought the 36,000 m2 Aartselaar Business Estate in Antwerp from Standard Life Investments.

The park comprises two buildings with offices and warehouse space. The 14 tenants include Federal Mogul, BPOST and Cofely.

‘This is our second off-market deal that we have secured this year,’ said senior portfolio manager Ian Kelley. ‘We went to great lengths to get an in-depth knowledge of the Antwerp-Brussels semi industrial axis sub-market to identify this asset and believe it will perform well.’