Prologis Acquires 82,700 Square Metres in Tilburg from CBRE Global Investors
Amsterdan, 25th of April 2019 - Prologis, the global leader in logistics real estate, today announced the acquisition of an 82,700 square metre high-quality distribution facility in Tilburg, the Netherlands. The building is fully leased to an international logistics service provider and existing Prologis customer. Prologis acquired, on behalf of Prologis European Logistics Partners, the property from CBRE Global Investors, one of the world’s largest real asset investment management firms. CBRE Global Investors logistics platform offers access to a high quality and diversified portfolio in prime locations in the Europe.
The facility is located within one of Prologis’ flagship logistics Parks in the Netherlands. The acquisition complements Prologis’ existing portfolio in the park and increases its footprint there to approximately 377,600 square metres of logistics space. Other customers within the park are Coolblue, Syncreon, Samsung and Pantos Logistics.
Sander Breugelmans, Vice President, Country Manager, Prologis Benelux, said: “There is an ongoing scarcity of land and good-quality facilities. Strong demand has pushed vacancy levels of modern stock to historically low levels. This rare opportunity enables us to expand our footprint in one of Europe’s most attractive and fastest-growing logistics markets.”
Prologis was advised by TLF Real Estate and DLA Piper. CBRE Global Investors was advised by CBRE, Houthoff and SGS Search.
Prologis is a leading provider of logistics real estate in the Benelux, with approximately 2 million square meters of logistics and distribution space as of March 31, 2019.