09 March 2017
Dortmund
Reporter: Theo Andrew

German logistics portfolio acquired for €128.4 million


CBRE Global Investors (GI) has acquired a cross-dock logistics portfolio in Germany from Hellmich Unternehmensgruppe, for €128.4 million.

Comprising of ten newly-developed facilities, built between 2012 and 2015, the 183,575-square meter portfolio was acquired in an off-market deal on behalf of two separate account clients.

The portfolio has 51,015 square metres of rentable space, which is all singularly let to DHL with an average lease length of 13 years.

According to CBRE GI, the assets have been developed close to cities, in order to meet the rise in demand for e-commerce and for shorter delivery times.

Six of the properties are located in the North Rhine-Westphalia, one is in Kessel and three are in Baden-Wuerttemberg.

Marius Schöner, head of Germany at CBRE GI, said: “This portfolio is of exceptional quality. All ten assets are located in highly populated areas where there is limited land supply. DHL is the biggest parcel deliverer in Germany and the sheds are of strategic importance to them.”

He added: “We believe that these factors make this a unique acquisition and one that will generate stable income for our clients.”

Ulrich Oppermann, head of transactions Germany at CBRE GI, said: “To have secured this portfolio in an off-market deal is a great result for the business. We have significant capital to invest in Germany and will be sourcing quality assets like these throughout 2017.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
EPIC warehouse acquisition in the pipeline
20 November 2017 | London | Reporter: Stephanie Palmer
Ediston Property Investment Company (EPIC) is set to acquire four retail warehouse parks in the UK from Stadium Group, for £144 million
HFF delivers $288.8 million loan for resi project
17 November 2017 | San Jose, California | Reporter: Theo Andrew
HFF has secured $288.8 million of construction financing for two luxury residential towers in San Jose, California
CBRE Capital Advisors chosen for £100 million fund
16 November 2017 | Belfast | Reporter: Theo Andrew
The Northern Ireland fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects. It has been appointed on a 15 year mandate
AXA IM - Real Assets hit final close on logistics club
15 November 2017 | London | Reporter: Theo Andrew
The fund, which seeks to invest in 1 million square metres of logistics developments across Europe, raised the equity commitments from four international institutional investors
LaSalle names European head in business restructure
14 November 2017 | Paris | Reporter: Theo Andrew
Karim Habra was previously head of France for LaSalle, and his appointment replaces the firm’s previous structure of naming country heads for Europe
L&G settles on UK retirement villages for £102 million
14 November 2017 | London | Reporter: Theo Andrew
The portfolio, not yet fully developed, will comprise of 694 units, located in Liphook in Hampshire; Faygate in West Sussex; Exeter in Devon; and Great Alne in Warwickshire
Patrizia acquires German-based Triuva
13 November 2017 | Berlin | Reporter: Theo Andrew
Triuva had AUM of approximately €9.8 billion, meaning the deal, for an undisclosed price, places Patrizia in the top 10 European investment managers