Press Release

CBRE Investment Management acquires 150,000 sq m logistics complex in Ghent Belgium

The transaction represents the largest single asset logistics* deal for the Belgium

October 1, 2021


Associated Contact

Helen Stott

Corporate Communications Director

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CBRE Investment Management, on behalf of one of their pan-European funds, has completed the off-market acquisition of Ghent Logistic Campus, a 150,000 sq m logistics warehouse complex in Ghent, Belgium, via a sale-and-leaseback transaction from Heylen Warehouses, a renowned logistics warehouse specialist in the Benelux region.

Ghent Logistic Campus comprises a total of 149,409 sq m of new, state-of-the-art Grade A warehouse space, 26,854 sq m of mezzanine space and 7,957 sq m of office space. Heylen Warehouses has a long-term master lease agreement and Heylen Warehouses will remain responsible for the management of the building.

The asset is situated in a modern, multimodal transportation hub in the Port of Ghent. It is easily accessed via several key European motorways, including the R4 (J. Paryslaan), the E34 (Antwerp-Ghent-Zeebrugge) and the E17 (Antwerp-Ghent-France), and is set to benefit from ongoing major infrastructure works in Antwerp and Ghent.

Piet van Poppel, Country Manager Belgium, CBRE Investment Management, said: “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.”

Ralph Caspanni, CEO Heylen Warehouses commented: “After our exponential growth in the Netherlands, we noticed an increasing demand for logistic warehouses in Belgium. With the development of the Ghent Logistic Campus, Heylen Warehouses will be able to fulfill the demand for large flexible warehouse space and support the further economic development of the Ghent Region.”

CBRE Investment Management was advised by Linklaters. The vendor was advised by Allen & Overy (legal) and Savills (commercial).

*Source: CBRE

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $129.1 billion in AUM* as of June 30, 2021, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2020 revenue). CBRE has more than 100,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit

*AUM refers to the assets under management, fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

About Heylen Warehouses

Heylen Warehouses develops and invests in high value logistics real estate projects in Belgium and abroad. The company has been developing and renting logistic business spaces since 2002 and currently manages more than a million square meters of sites and warehouses. The entire development and management of buildings is done in-house by a multidisciplinary and experienced team.

Heylen Warehouses always chooses strategic top locations for its logistics real estate. In order to respond quickly to the needs of customers, the firm possesses building plots in Belgium and the Netherlands with a high potential at logistically strategic locations. In the search for the best solution, Heylen Warehouses not only thinks as an owner and developer, but also focuses on the customer’s perspective, creating the optimal accommodation for sustainable logistics operations.
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