The agreement for the comprehensive logistics project, between BayWa r.e. Solar Trade and Seacon Logistics, was finalised during the leading international trade fair ‘Transport Logistic’ in Munich, Germany.
By Richard Lowe2020-12-18T12:25:00+00:00
Global real estate fund manager AEW has acquired a portfolio of 14 logistics assets in Germany on behalf of a German insurer by purchasing a fund managed by pan-European fund manager Patrizia and industrial developer Garbe.
The Roots Portfolio encompasses about 285,000sqm of logistics space. The assets are a mix distribution and cross-dock properties, 96% let to tenants including DB Schenker, DSV and Dachser and located in Munich, Frankfurt, Stuttgart and Hamburg.
Gereon Kohlgrüber, head of investment Germany at AEW, said: “This transaction allows us to access a portfolio which exclusively comprises modern, high-quality logistics assets that are spread across numerous established logistics hubs in Germany, providing good diversification.