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Friday, 22 December 2017

Intervest Offices & Warehouses purchases a logistics site of 26.000 m² in the Brussels periphery for € 13,8 million with a view to a complete redevelopment in 2020

Intervest Offices & Warehouses NV    

Published: 17:45 CET 22-12-2017 /GlobeNewswire /Source: Intervest Offices & Warehouses NV / : INTO /ISIN: BE0003746600

Intervest Offices & Warehouses purchases a logistics site of 26.000 m² in the Brussels periphery for € 13,8 million with a view to a complete redevelopment in 2020

As a result, the share of logistics real estate in the portfolio increases to 54%. 

The transaction includes a capital increase through a contribution in kind.

With the acquisition of this logistics site in the Brussels periphery, Intervest Offices & Warehouses (hereafter Intervest) continues to expand its logistics real estate portfolio.

In Belgium, Intervest's investment strategy focuses on the important logistics axes, including the Antwerp-Brussels-Nivelles axis. The acquired site is located on the Brussels periphery (in the industrial area in Zellik - Asse) near the Brussels ring road and the E40 and E19 motorways. The Brussels periphery remains a top location for Belgian logistics, both for national distribution and for rapid urban distribution.

Further to this € 13,8 million transaction, the fair value of Intervest's logistics real estate portfolio increases by approximately 4% to € 357 million, with logistics real estate now making up 54% of the total real estate portfolio of over € 660 million.

Full press release:



Acquisition logistics site in Zellik



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Intervest Offices & Warehouses NV, Uitbreidingstraat 66, Berchem 2600, België
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