LCP pre-letting first phase of 46,000 SQM in Bilzen, Belgium

Logistics Capital Partners (LCP) announces the leasing of half of its speculative Bilzen project at the Genk South Industrial Zone. The 22,877 m2, Phase I, will be leased to SKF Logistics Services Belgium (SKF LSB) for the strategic consolidation of their stock, for distribution across several locations.

Development of the Bilzen project is on schedule with completion in January 2023. The second unit of the project is still available for lease and will complete at the same time.

Tailor-made high-quality warehouse space for strategic consolidation

As the logistics arm of SKF, the Swedish manufacturer of bearings, seals and lubrication systems, SKF LSB manages the group's European Distribution Centre (EDC). Due to diversification and expansion of the product range, the existing DC became too small and SKF had to call on several additional stockrooms spread throughout the region. To consolidate this stock, SKF LSB sought high-quality sustainable new warehouse space in a strategic location in Belgium.

Kim Stouten, General Manager of SKF Logistics Services Belgium, said, "We are extremely pleased with this cooperation with Logistics Capital Partners. The availability of a high-quality warehouse at short notice is crucial to strengthen our current EDC, support our staff and ensure logistics services to our customers. The additional capacity will also enable us to offer new ranges to our customers and thus continue to grow."

The 22,877 sq m unit has 20,570 sq m of warehouse space and has 21 loading docks. Clear height is 12.40 m. The space comprises of 1,865 m2 mezzanine and 442 m2 for offices. The unit is being developed to the highest sustainability standards with very high insulation, LED lighting with light and motion sensors, and heating and cooling with heat pumps.

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