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Eubelius assists Leasinvest in the divestment of a major part of its logistics portfolio

03 Jul 2017

The public BE-REIT Leasinvest has signed a binding agreement – subject to limited conditions precedent – for the granting of a 99-year leasehold right on three of its logistics buildings in Belgium in favour of a renowned foreign logistics real estate fund. The transaction value exceeds €60 million.

The three buildings, with a total surface area of 80,000 m² of storage space and 8,000 m² of offices, are 100% leased to high-quality tenants and are located in Tongeren (Heesterveldweg, leased to SKF), Wommelgem (Nijverheidslaan, leased to various tenants including Van In and Vanden Borre) and Neder-Over-Heembeek (Canal Logistics phase 1, Vilvoordsesteenweg, leased to tenants including Doctors Without Borders and Ziegler).

The Eubelius team members involved were Lars Van Bever and Tim Van Moorhem.

Matter Type
Asset Sale: Seller's Counsel
Industry
Fund/Investment Management
News Category
Real Estate & Construction
M&A