Prologis Acquires 82,700 sq. m. in Tilburg from CBRE Global Investors
High-quality distribution facility fully leased to existing Prologis customer
Prologis, the global leader in logistics real estate, announced the acquisition of an 82,700 square meter high-quality distribution facility in Tilburg, the Netherlands. The building is fully leased to an international logistics service provider and existing Prologis customer. Prologis acquired, on behalf of Prologis European Properties, the property from CBRE Global Investors, one of the world’s largest real asset investment management firms. CBRE Global Investors logistics platform offers access to a high quality and diversified portfolio in prime locations in the Europe.
The facility is located within one of Prologis’ flagship logistics parks in the Netherlands. The acquisition complements Prologis’ existing portfolio in the park and increases its footprint there to approximately 377,600 square metres of logistics space. Other customers within the park are Coolblue, Syncreon, Samsung and Pantos Logistics.
Sander Breugelmans, Vice President, Country Manager, Prologis Benelux, said: “There is an ongoing scarcity of land and good-quality facilities. Strong demand has pushed vacancy levels of modern stock to historically low levels. This rare opportunity enables us to expand our footprint in one of Europe’s most attractive and fastest-growing logistics markets.”
Prologis was advised by TLF Real Estate and DLA Piper. CBRE Global Investors was advised by CBRE, Houthoff and SGS Search.
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.