Inspiration Group acquires light industrial property in Berlin

Inspiration Group, a privately owned real estate investment company headquartered in Berlin, has acquired a light industrial property in the south of the German capital, in a sale and leaseback transaction. 

Financial details were not disclosed.

The vendor is a manufacturing company in the medical technology sector and another company, from the same group, has leased the property on a long-term basis.

The property is a single-storey office and production building dating from 1972. It provides a lettable area of around 2,050 m2. The property stands on site of around 4,200 m2, which includes 20 parking spaces.

Goor Rosenberg, CEO of the Inspiration Group, said: 'During the last few months, we have increasingly concentrated on the light industrial segment. We see strong demand here, with corresponding potential for value growth, particularly in the urban logistics sector.

'The property we have just acquired is a prime example of this trend. It can be extended by two additional full storeys if required. We plan to make further investments in this asset class.'

The Berlin submarket, in which the asset is situated, is highly sought-after for logistics and light industrial property with occupiers in the area including Amazon Logistic, REWE, Berlin Logistik, Dosch Messapparate, Sandvoss Pumpen-Center and DendroPharm.

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