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News Release

Brussels

Jones Lang LaSalle advises on sale of 75,000 m² logistic site in Vilvoorde for 46,1 million euros


English version - Nerderlandstalige versie

Brussels, 10th June 2013 – The Capital Markets team of Jones Lang LaSalle is pleased to inform you that on 7 June 2013, WDP concluded a deal with Commerz Real, a German real estate investment fund, in which it acquired 100% of the shares in the real estate companies holding the rights to an existing 75,000 m² logistic site comprising thirteen warehouses on a 145,000 m² plot of land.

 

The entire site, strategically located in the Cargovil industrial zone in Vilvoorde, is leased out in full to Carrefour. It is used by Carrefour with respect to the organisation of the logistics for its non-food activities.

The Cargovil zone is easily accessible, making it an excellent multimodal location conveniently positioned near a container terminal, canal, motorways and Brussels Airport.
 
The Cargovil site is one out three logistics hubs of Carrefour in Belgium. The sites located in Nivelles and Kontich, of about the same size have been transacted by Jones Lang LaSalle acting on behalf of Redevco to AG RE,  in 2009 and 2011. 
 

About Jones Lang LaSalle 
 
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.be