HB Capital sold the distribution center of Xenos and Spar in Waalwijk. The property of approx 67,000 m² is acquired in an off-market transaction by institutional investor Blackstone.
The property consists of a high bay (leased by Spar) and a conventional warehouse (leased by Xenos). The high bay has a size of 15,000 m² and is fully automated. The other part consists of 32,000 m² warehouse space, 13,000 m² mezzanine space and 4,000 m² of office space, which is in use as the headquarters of Xenos. The property is leased for another 12 years.
The purchaser was advised by TLF real estate. The seller was commercially assisted CBRE.
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