W Real Estate Investment Management (“W REIM”), a dedicated entity that provides development- and management services for the real estate activities of Weerts group, has received €40m in growth capital from Kartesia. 

Headquartered in Liège, Belgium, Weerts Group is a family-owned group with operations and investments in multiple European countries. As a diversified holding and investment company, the Group has three different yet complementary fields of activities: logistics, real estate and motorsport.

W REIM serves as the dedicated development- and management services company for the real estate division of Weerts Group. The real estate division is active in 4 asset classes: Logistics, Semi-industrial, Offices and Residential, in 8 countries: Belgium, The Netherlands, Luxembourg, France, Germany, Hungary, Romania and the United Kingdom. Weerts Group will apply the funding proceeds in support of the further development of its real estate division, which is enjoying continued positive momentum. 

Kartesia is a European privately-owned specialist provider of credit and capital solutions, focused on offering customized resources across the capital structure to leading mid-market companies from a wide range of industries, with the view to accelerate their pace of growth. The growth capital was provided by Kartesia’s Credit Opportunities IV and V funds. The deal team at Kartesia comprised Matthieu Delamaire, Jean Diercxsens and Toon Van Coillie.

4Reliance advised Weerts Group in this transaction and assisted in establishing a capital solution aligned with the group’s growth ambitions. The deal team consisted of Alex Vandekerckhove, Yves Vandekerckhove and Dorian Penninckx.

Pascal Weerts, CEO of Weerts Group, commented: “The logistics sector is benefiting from favourable market circumstances, and one of our priorities the last couple months has been to secure sufficient funding to capitalise on this momentum. The transaction with Kartesia caps a 6-month fund-raising effort in which the group secured more than EUR 150m of dry powder to pursue growth opportunities in Belgium and abroad. Furthermore, we expect to strengthen our organisation by learning best practices from Kartesia’s team of highly professional investment professionals.”

Alexandre Vandekerckhove, Partner at 4Reliance, commented: “We value the professionalism and flexibility that Kartesia offers. Kartesia’s funding will allow Weerts Group to seize new development opportunities and to successfully continue the impressive growth path it initiated several years ago. We are pleased to have contributed to a positive outcome for both Weerts Group and Kartesia.”

Jean Diercxsens, Director at Kartesia, commented: “We are very excited to announce another Benelux deal as we continue to partner with entrepreneur and family led businesses that benefit from good growth prospects and high-quality management teams. Over the past years, Weerts Group has built a strong track record as a developer and investor in real estate. We look forward to accompanying the Weerts family in the further development of the Group’s activities in Belgium and abroad.”