Amsterdam,
27
August
2018
|
10:06
Europe/Amsterdam

Bruil Beleggingsmaatschappij Ede sells industrial development in Arnhem

Investment company Bruil Beleggingsmaatschappij Ede recently sold its build-to-suit project in Arnhem to Titan Wood for €23,000,000. It concerns a new industrial complex complete with offices covering a total floor area of 19,477 sq. m. on a 3.5 ha plot. The complex has been very sustainably constructed and issued with energy label A.

The premises are located at Westervoortsedijk 73 on Kleefse Waard industrial park in Arnhem. Covering 90 hectares, Kleefse Waard (IPKW) in Arnhem was formally an AkzoNobel complex that dates back to 1941. It is mainly home to specialist companies from the production and clean-tech industry. The companies based on the site share the facilities on this secured industrial park.

The new owner of the site, Titan Wood B.V., a division of British company Accsys Technologies PLC, will use it as a production site and storage facility, and to house its offices. Titan Wood is the producer of the patented Accoya wood. With a lifespan of up to fifty years, this type of modified hardwood is highly sustainable and is used for various applications in construction. Accsys Technologies PLC is listed on the NYSE and the London Stock Exchange.

Bruil Beleggingsmaatschappij Ede is part of Bruil Groep. With five independent operating companies, Bruil Groep is active in construction and the supply of cement raw materials for the residential and non-residential construction sectors.

Bruil Beleggingsmaatschappij Ede received advice in the sales process from CBRE and Loyens & Loeff. Titan Wood was legally represented by Stibbe.

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.