Two prime German logistics portfolios hit the market; seen as a test of yield movement

European logistics professionals at Expo Real say they will be keenly watching the progress of two new portfolios just put on the market, looking for clues as to any yield movements in the asset class.

BEOS Logistics, the sector specialist backed by Swiss Life Asset Managers, took the opportunity at the trade show to market a package of five prime 'green' logistics assets under construction in Germany totalling around 240,000 m2 of space, and let to top occupiers.

With BNP Paribas understood to be representing BEOS Logistics, no guide price has been put forward as sources said the process was at an early stage. The assets are set to be completed in July 2023 with rent totalling around €16 mln.

The other portfolio being shopped at Expo is also a package of prime green assets put forward by Baytree Logistics Properties, the pan-European company focused on the UK, Germany and France that is backed by AXA Investment Managers – Real Assets. Locations include Leipzig and Magdeburg.

Significant European logistics portfolios were brought to market earlier this year only to be subsequently pulled, so these two new investments are being talked of as being benchmarks for pricing.

*For an interview with BEOS Logistics, click here. 


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