LCP starts development on the Genk South Industrial Zone

Bilzen, June 9, 2022

Today, real estate developer Logistics Capital Partners places the first column of its new project in Bilzen at the Genk South Industrial Zone. The start of the development is a positive signal in times of scarcity of availabilities and speculative new developments. Located near the Albert Canal, the project responds to the large demand for high-quality and sustainable logistics space at strategic locations in Europe. The project will be ready for use by the end of 2022. Logistics Capital Partners, co-founded by Belgian Kristof Verstraeten and headquartered in Leuven, is a pan-European company specialized in the development and management of modern facilities for the logistics sector.

Large demand for logistics real estate
With the development of the 40,000 sqm warehouse, Logistics Capital Partners is responding to the large demand for high-quality logistics real estate at strategic locations in Europe. On the one hand, online sales skyrocketed in times of Corona and retailers are looking for additional space.On the other hand, because of the corona crisis and, amongst others, last year's blockage of the Suez Canal, manufacturers are experiencing vulnerability in the supply of raw materials and parts. To be less dependent on “just-in-time” supplies from the East, and on unpredictable factors such as lockdowns or port closures, they are opting for local production and regional stocks in distribution centers closer to home.

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