CBRE completed the acquisition of Ghent Logistic Campus from Heylen for $186m.

CBRE, a real assets investment management firm, completed the acquisition of Ghent Logistic Campus, a 150,000 sq m logistics warehouse complex in Ghent, Belgium, from Heylen, a logistics warehouse specialist in the Benelux region, for $186m. The transaction is structured as sale-and-leaseback deal. “This was a rare opportunity to acquire a high-quality logistics campus in Belgium – a market that is highly sought after by international investors due its strong fundamentals but remains difficult to access due to the high level of domestic investment. Ghent Logistic Campus is already located in a key multimodal hotspot and its appeal is set to increase further following the completion of key infrastructure works and as part of the broader shift to water and train transportation," Piet van Poppel, CBRE Country Manager Belgium.