Intervest and Weerts Logistics Parks close €300m logistics deal

Logistics real estate developers Intervest and Weerts Logistics Parks have finalized one of the largest deals in Belgium's logistics sector. 

Intervest, WLP - logistics

The €300 mln portfolio includes five strategically located warehouses totaling 250,000 m², fully leased to a diverse group of prominent tenants along key Belgian transportation routes. 
The properties are specifically located along Belgium's major logistics routes, the E313 and E42, and are fully leased for the long term to a variety of reputable, high-quality tenants.
Despite the deal's complexity, the strong partnership and expertise of both companies facilitated a rapid and secure closing, completing the entire process in just three months.
Joël Gorsele, CEO of Intervest, said: "Closing a deal of this scale and complexity in such a short timeframe is extraordinary. It demonstrates the mutual trust between Intervest and Weerts Logistics Parks. We are grateful for their confidence in our execution capability and deal security. Our team’s expertise and efficiency enabled us to move quickly and effectively."
Yves Weerts, CEO and owner of Weerts Logistics Parks, added: "We remain fully committed to our tenant relationships – they are the foundation of our success. This transaction not only validates the quality and performance of our assets but also enables us to respond even faster to our clients’ evolving needs and expand our footprint across key logistics hubs in Europe."
Weerts Logistics Parks is selling the portfolio as part of a strategy to reinvest capital into new projects and fuel its expansion across Europe. The proceeds will be used to develop over 1.3 mln m² of modern logistics facilities in Belgium, Italy, Germany, France, the UK, the Netherlands, and Hungary, allowing the company to continue providing cutting-edge infrastructure for its clients.
CBRE, Savills, and Loyens & Loeff served as advisors to Weerts Logistics Parks in this transaction. Intervest was advised by Stibbe, Deloitte, CBRE Technical, and SM&C.