Tritax EuroBox plc’s €83.4m acquisition of logistics assets at Rumst and Bornem, Belgium

Ashurst Brussels acted as legal advisor of Tritax, a UK listed special investment trust which invests in Continental European logistics real estate, in relation to its acquisition of two logistics parks located in Belgium.

On 25 October 2018, Tritax acquired a portfolio of four logistics warehouses spread over two logistics parks located, respectively, at Rumst and Bornem, Belgium. Tritax acquired the portfolio from Segro, a UK Real Estate Investment Trust, by way of a share deal.

The Rumst and Bornem assets, situated 15 km apart, are strategically located in established logistics parks close to the A1 (E19) and A12 motorways, respectively, which link Brussels and Antwerp, delivering excellent north/south motorway access. The four class A warehouses have a combined gross internal area of approx. 92,500 sqm. For more information on this transaction, see link.

The Ashurst team was led by Brussels-based corporate real estate partner David Du Pont (picture), who was supported by associates Jörg Heirman and Clément Dekemexhe and junior associates Yana Paulovich and Maxime Nuyts.

Involved fees earner: David du Pont – Ashurst; Jörg Heirman – Ashurst; Clément Dekemexhe – Ashurst; Yana Paulovich – Ashurst; Maxime Nuyts – Ashurst;

Law Firms: Ashurst;

Clients: Tritax EuroBox plc;