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Terminal News

Northleaf acquires significant stake in Douglas Terminals

Northleaf acquires significant stake in Douglas Terminals
Northleaf Capital Partners has acquired a 90% stake in Douglas Terminals from Hartree Partners and Ghent Transport & Storage.

The terminal is a 557,000 m3 liquid bulk storage facility based in the Port of Ghent, Belgium. It comprises 17 tanks for the storage of jet fuel, gasoil, diesel and biodiesel. Hartree and GTS started commercial operations at the terminal in 2017 and GTS will retain a 10% stake and continue to operate the terminal under a management services agreement.

Additionally, as part pf the transaction, Hartree, GTS and Northlead have agreed to jointly develop Max Terminals, a new liquid storage terminal to be located on land adjacent to the Douglas Terminals site.

Roderick Gadsby, managing director at Nortleaf, says: 'Direct investments in high-quality bulk liquid storage assets are consistent with Northleaf's strategy and offer our investors significant potential for stable, long-term returns. This investment further strengthens and diversifies Northleaf's portfolio of bulk liquid storage assets that now includes investments in the US, UK, Belgium, Australia and New Zealand.'

GTS owner Yves Bienfet adds: 'We have found our ideal long-term partner in Northleaf and are pleased that it supports Douglas Terminals' strategy going forward. We are eager to work together with them in relation to Douglas Terminals, the development of Max Terminals and future opportunities in liquid storage.'



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