South Korean capital backs Apeiron’s €200m purchase of German logistics portfolio

European asset and investment management specialist Apeiron Capital has joined forces with Midas International Asset Management to acquire the 150,000 m2 Maple logistics portfolio in Germany for €200 mln.

The investment was ultimately funded by South Korean institutional investors.

The portfolio was acquired from the Healthcare of Ontario Pension Plan (HOOPP), one of Canada’s largest pension funds, advised by Jones Lang LaSalle (JLL).
The transaction continues Apeiron’s strategy of acquiring high-quality assets in key logistics locations across Europe. It follows the acquisition of a portfolio of German logistics assets in May 2019 in a joint venture with GreenOak Real Estate and Hana Financial. The acquisition of the Maple portfolio takes Apeiron’s total German logistics acquisitions to almost 600,000 m2.
The 150,000 m2 portfolio comprises three assets in key German logistics locations, including a 100,000 m2 fulfilment centre let to a well-known e-commerce specialist. Each of the assets in the portfolio is positioned close to key domestic and international roads. The weighted average lease term for the assets is close to 14 years.
Vojkan Brankovic, CEO and founder of Apeiron, commented: ‘The Maple portfolio is a unique collection of high-quality assets let to some of the world’s leading companies. Each of the buildings is well-located in established logistics hubs and has a high technical specification. The acquisition builds on a number of recent deals for Aperion which has seen our portfolio expand significantly in Germany and is in line with our stated strategy of acquiring excellent logistics assets across key transport routes.’
Clifford Chance, KPMG, CBRE and Drees & Sommer advised the purchaser.


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