CBRE Global Investors has completed the acquisition of a logistics asset in the Belgian municipality of Puurs on behalf of a separate account client.

CBRE Global Investors has completed the acquisition of a logistics asset in the Belgian municipality of Puurs on behalf of a separate account client.

The 39,380 m2 building was acquired for €22.7 mln and is fully let to logistics provider DSV on two long-term leases. It is located on the Antwerp-Brussels axis in the Flemish region of Belgium.

John Ozinga, head of separate accounts for Continental Europe at CBRE Global Investors, said the client for whom the asset was bought is in the process of repositioning its real estate portfolio and diversifying across Europe. ‘After having executed the acquisition of the German logistics asset in Falkensee in February, this is the second acquisition this year on behalf of this client,’ he said.