Global logistics investment manager GLP has made its debut deal in Belgium, acquiring a recently-developed 60,000 m2 facility in Ghent.
Financial details were not disclosed.
The logistics asset is fully leased to two 3PL customers and is located in the Port of Ghent with direct links to Antwerp, Brussels and to France and the Netherlands.
Philippe Hendriks, development director, GLP said: 'Belgium is a core location for logistics due to its excellent connectivity and infrastructure to Europe and an important market for GLP as we look to grow our presence in the region.
'Acquiring our first asset in the country is part of an ongoing strategy to expand our offering for customers across the continent and in the Benelux specifically.'
GLP said that the deal marked the starting point for further acquisitions and developments in Belgium. The new territory expands GLP’s European presence to 17 countries.
According to the firm, this latest move follows a period of significant growth after GLP acquired a significant portfolio in Central and Eastern Europe in July 2020 for €1 bn.
