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.”