CBRE GI buys German logistics park from DLH

CBRE Global Investors has acquired a logistics site of circa 177,400 m2 in Trebur, Germany from Deutsche Logistik Holding.

The facility was bought on behalf of the CBRE European Industrial Fund (EIF) for an undisclosed amount. The deal was signed in January and closed on the 31st of March.

The logistics park was built between 2017 and 2019 on a former production site. It provides 100,000 m2 of warehouse and logistics space and room for light manufacturing. A total of fourteen units are spread over three buildings. The anchor tenants are the Nagel Group, which operates a refrigerated warehouse for fresh produce over an area of 47,000 m2, and the logistics service provider RWL with 39,000 m2. Other tenants include FLC Flowcasting, RollsRein and Kolbeck Hightech-Logistik. The park is fully let.

‘We have been able to acquire contemporary and ultra-modern logistics assets in a strategic and extremely favourable location,’ said Marius Schöner, head of Germany at CBRE Global Investors. ‘This investment adds to our logistics portfolio in Germany which consists of 30 assets with around 750,000 m2 of GLA and a total value of more than €1 bn.’

Christoph Telker, managing director of DLH, added: ‘The ambitious transaction process could only be adhered to due to an ongoing and very constructive cooperation with the buyer.’

CBRE acted as broker in the transaction. DLH was legally advised by Hogan Lovells and CBRE GIobal Investors by BLCP.