Today: July 22, 2018, 2:50 pm
  
Business

Intervest Offices & Warehouses purchases a logistics site of 26.000 m² in the Brussels periphery for € 13,8 million with a view to a complete redevelopment in 2020

PR-Inside.com: 2017-12-22 17:46:02

As a result, the share of logistics real estate in the portfolio increases to 54%. 

The transaction includes a capital increase through a contribution in kind.

With the acquisition of this logistics site in the Brussels periphery, Intervest Offices & Warehouses (hereafter Intervest) continues to expand its logistics real estate portfolio.

In Belgium, Intervest's investment strategy focuses on the important logistics axes, including the Antwerp-Brussels-Nivelles axis. The acquired site is located on the Brussels periphery (in the industrial area in Zellik - Asse) near the Brussels ring road and the E40 and E19 motorways. The Brussels periphery remains a top location for Belgian logistics, both for national distribution and for rapid urban distribution.

Further to this € 13,8 million transaction, the fair value of Intervest's logistics real estate portfolio increases by approximately 4% to € 357 million, with logistics real estate now making up 54% of the total real estate portfolio of over € 660 million.

Full press release:

Acquisition logistics site in Zellik



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intervest Offices & Warehouses NV via Globenewswire




# 268 Words
Related Articles
More From The Author
Banca IFIS S.p.A. : new retail and [..]
Mestre (Venice), 22 December 2017 - It's a warm December for the 'Made in Italy' non-performing loans sector, with [..]
Eloxx Pharmaceuticals Completes Acquisition Transaction with [..]
Company to focus on advancing the clinical development of ELX-02, a disease-modifying therapy for genetic diseases caused by [..]
BIMobject AB: BIMobject donates 100,000 SEK to [..]
BIMobject makes a Christmas donation of 100,000 SEK to help start a new high school in Malmö, Sweden focussed on [..]
KDS Awarded Silver Accreditation by “Investors in [..]
KDS ( kds.com : The only internationally recognized Human Resource management standard, "Investors in People" is a quality certification for [..]
MDCPartners Introduces Medical Expert Search Tool for [..]
Antwerp, Belgium | 22 December 2017 MDCPartners introduces Podium, an online application for Clinical Ops, Medical Affairs teams [..]
 
More From Business
Send Rakhi Gifts to India Online with [..]
New Delhi, India, July 2018 Attractive Rakhi gifts are an integral part of the ritual, Raksha Bandhan. While India celebrates [..]
TV Store Online Rolls out New Superhero [..]
19th July 2018 -- Michigan-based mega-retailer of all-things TV, movie and comic culture merch, TV Store Online.com, has just [..]
Tarps Now Expansion to New St. Joseph [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Tarps Now® is pleased to announce completion of its move to its newest operations [..]
The Tidy Maids Announces Scholarship Winner
RALEIGH, NC – JUNE 14, 2018 – The Tidy Maids Raleigh house cleaning and maid services is pleased to announce [..]
Introducing Worldwide Rakhi Delivery with Free Shipping: [..]
New Delhi, India, July 2018 - Are you planning to send Rakhi to Dubai? Avail the latest free shipping offer [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.