CEUSTERS and Carter Jonas advised Sappi on the sale of the shares in Sappi Lanaken NV, including the land, industrial buildings, infrastructure and equipment of its former paper mill in Lanaken, Belgium, to UTB Waalwijk B.V.
The transaction represented a total value of €50 million. The property comprises approximately 32 hectares of industrial land and around 120,000 sq m of office and industrial buildings. Part of the site benefits from direct access to the Albert Canal. Its existing infrastructure includes an advanced water-treatment facility and extensive power infrastructure.
The disposal followed the closure of the Lanaken mill at the end of December 2023 and formed part of Sappi’s programme to realign its European graphic-paper production capacity.
CEUSTERS’ role
- Belgian industrial-property expertise and local market knowledge
- International disposal process with Carter Jonas
- Strategic positioning, marketing and transaction support
Why this transaction matters
- Large industrial brownfields combining scale, industrial zoning, utilities and multimodal access are exceptionally scarce. The transaction illustrates the importance of integrating real-estate, commercial and technical expertise when repositioning former production sites.
Key facts
| Seller | Sappi |
|---|---|
| Buyer | UTB Waalwijk B.V. |
| Location | Lanaken, Belgium |
| Site area | Approximately 32 hectares |
| Existing buildings | Approximately 120,000 sq m |
| Transaction value | €50 million |
| CEUSTERS’ role | Sell-side adviser, jointly with Carter Jonas |
FAQ
-
UTB Waalwijk B.V. acquired the shares in Sappi Lanaken NV and the associated assets.
-
Approximately 32 hectares with around 120,000 sq m of existing buildings.
-
CEUSTERS advised Sappi together with Carter Jonas.
-
It combines industrial scale, canal access, power infrastructure, water treatment and redevelopment potential.
Related expertise
- Industrial Real Estate
- Brownfield Redevelopment
- Industrial Capital Markets
- Corporate Real Estate