Tilburg 14 October 2019 – A German open-end fund has successfully completed the sale of a distribution center of approximately 60,000 sqm to M&G Real Estate.

The distribution center is located at Van Hilststraat 23 in Waalwijk, easily accessible via the A59 motorway and connected to the port of Moerdijk via the Bergsche Maas. The property comprises a total floor area of 58.343 m2 and is currently fully let to global supply chain manager Syncreon.

Other users in the immediate area include Ingram Micro, Bol.com and Spar.

Seller was advised by Savills, NewGround Law and Baker & McKenzie.

M&G Real Estate was advised by INDUSTRIAL real estate partners and CMS.