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Blackstone buys four distribution centers from PLUS Retail

Four distributions centers
Blackstone has purchased four regional distribution centers from cooperative supermarket chain PLUS. The sale is part of the distribution chain optimization that the organization is currently implementing.

The portfolio has a total area of approximately 75,000 square meters. The four distribution centers are located in Haaksbergen, Hendrik-Ido-Ambacht, Ittervoort and Middenbeemster.

Björn Bertrand, Director of Real Estate & Development PLUS Retail: “We are very pleased with the recently concluded partnership with Blackstone. Through this sale & leaseback, they enable us to gradually say goodbye to the current distribution centers and to make an efficiency move towards our ultramodern, sustainable new DC in Oss, where we are currently working hard on the mechanization.”
 
PLUS Retail was advised during the sales process by BBN, CMS and TLF real estate. Blackstone was assisted by Colliers, Loyens & Loeff and Arcadis. Logicor, Blackstone's asset management vehicle, takes care of the operation of the distribution centers.