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.