Partylite sells European distribution centre to Gramercy Europe
PartyLite has sold its European distribution centre in Tilburg to the British real estate investor Gramercy Europe. The distribution centre is located at Gesworenhoekseweg 8 on Vossenberg-West business park in Tilburg and consists of 40,618 sq. m. of industrial spaces and office space.
As part of this transaction, Gramercy Europe will become PartyLite’s new landlord. The lease between PartyLite and Gramercy was signed before the centre was sold. A sublease has also been signed for an area of approximately 10,000 sq. m., which PartyLite will sublet to a third party.
Vossenberg-West is a popular location. Due to its strategic location, various other large brands such as Coolblue, Tesla and Samsung have also located their logistical services there.
CBRE advised PartyLite during the lease, sublease and sale. Nauta Dutilh provided legal guidance. During the sale, Industrial Real Estate Partners provided Gramercy Europe with commercial advice, and Loyens & Loeff provided legal advice.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.