Turnhout, Belgium (September 14, 2023) – Realterm is pleased to announce that it has completed a lease renewal with PostNL Cargo at its highly functional, high flow through (HFT) asset Bremheidelaan 10 in Turnhout. This facility is part of PostNL’s Pharma & Care network in the Benelux area.
The cross-dock facility is situated in a strategic transport advanced location that connects the Northern French ports (La Havra, Calais and Dunquerke) and the Belgium ports (Zeebrugge, Ghent and Antwerp) with the Ruhr area and Düsseldorf metropolitan area in Germany through the Southern Logistics Belt of the Netherlands (Eindhoven / Venlo).
The property features:
- 14,580 square meters of lettable area
- 30,429 square meters site area
- 45 loading positions
- Good coverage and loading ratio
Realterm acquired Bremheidelaan 10 in late 2021 through an off-market deal, and was attracted to this asset because of these property features and its suitability for both regional distribution and last mile delivery in the Antwerp metropolitan area.
“We are very happy with our continued partnership with PostNL Cargo, as they are one of the leading operators in the field of mail and parcel cargo in the Benelux region. We hope that this marks a further commencement of a successful partnership which we aim to extend cross-border in the future,” commented Leonie Kierkels, Director of Asset Management, Europe at Realterm.
The asset continues to benefit from a strategic location with excellent motorway access and a highly functional design and layout. Realterm’s European portfolio totals 20 assets across Belgium, France, Italy, the Netherlands, Spain and United Kingdom. Learn more about our property management efforts here.