CBRE Global Investors, on behalf of the CBRE European Industrial Fund, has successfully signed a 6 year lease agreement, for 8.000 sqm with DHL International for the Liège logistics centre in Bierset (Liège), Belgium.
The warehouse is a class A building located in the prime and established Euregio Logistics hub. The property benefits from the great road connections to the Netherlands, Luxemburg, Germany and within Belgium. This made the logistics centre the perfect fit for DHL, who are anticipating on the growing e-commerce trend, opening so called ‘service points‘ in strategic locations across Belgium to be able to service its clients better.
With this lease agreement the team was able to bring the asset near to a 80 % occupancy rate and secure the rental income further for the Fund.
DHL International, the major DHL is present in over 220 countries and territories across the globe, making it the most international company in the world. With a workforce exceeding 325,000 employees, DHL International provides solutions for an almost infinite number of logistics needs.
DHL is part of the world’s leading postal and logistics company Deutsche Post DHL Group, and encompasses the business units DHL Express, DHL Parcel, DHL eCommerce, DHL Global Forwarding, DHL Freight and DHL Supply Chain.
Frederik Mertens, Transactions & Asset Manager, CBRE Global Investors said: “We are delighted to welcome this new tenant to the Liège logistics centre. The lease also serves to further demonstrate that customers are increasingly looking for finished logistics space in strategic locations that can be immediately leased.”
Earlier this year, solar panels were installed on the roof of the adjacent building leased out to WSC and used as a cold storage building, reducing electricity consumption and increasing the sustainability profile of the asset.
CBRE Global Investors were advised by CBRE.
The CBRE European Industrial Fund is a non-listed real estate fund managed by CBRE Global Investors.
CBRE Global Investors ranks in the top five of Logistics property operators and investors in Continental Europe with 2.2 million sqm under management and is one of the few truly Pan-European investment managers active in 10 countries across Europe. The business acquires logistic assets for both its funds and separate account clients.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers