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Case Study

​JLL was instructed by a Belgian private developer to sell two warehouse platforms in Geel holding a total amount of 35.000 m² of gross lettable area

Investment instruction GeelJLL was instructed by a Belgian private developer to sell two warehouse platforms in Geel holding a total amount of 35.000 m² of gross lettable area.

Both sites are leased in full for an average remaining contractual term (until the first termination date) of at least six years. A 12.000 m² warehouse is let to Distri-Log. Another warehouse of 23.000 m² is rented out to Flamingo, an international company in the sector of domestic pet supplies.

Belgian stock-listed REIT Warehouses De Pauw acquired these two sites for ± € 25 million. Both sites were acquired through a direct merger with WDP of three companies and payment via a successful issue of new WDP shares. 

​​For more information, please contact Jean-Philip Vroninks (+32 2 550 28 80)​

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