Sale of the Talisman portfolio

31 October 2018
The Capital Markets team of Knight Frank Belgium has concluded the sale of 2 major logistics sites. As part of an exclusive sales instruction on behalf of its client Segro European Logistics Partnerships, Knight Frank has identified a dozen potential investors showing a growing interest in this type of investment. The purchaser is Tritax Eurobox Plc, a London-based fund focused on the acquisition of logistics platforms. The sale concerns the site of Rumst - Catenbergstraat and Bornem - Klein Mechelen. The Rumst site comprises almost 61.500 sq m of built-up areas spread over 59.000 sq m of warehouses and 2.500 sq m of offices. The entire facility is leased to Cummins, a listed company in New York City with a market capitalization of nearly $ 23 billion. The sale also includes 3,4 ha of land for future extension of constructions. The Bornem site comprises 31.000 sq m of built-up area and 4,5 ha of land divided into 3 entities. The tenants are Alcon Couvreur and Distri-Pharma. The amount of the transaction is of the order of 90 M€. Christian Karkan, Head of Capital Markets commented: “This iconic transaction symbolizes the growing interest of many investors in the logistics platform sector. The quality of the 2 sites and the strength of covenants allowed to catch the interest of about ten candidates, mainly foreigners.”

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