AEW, a leading global real estate investment and asset management platform, announces that it has completed the acquisition of five light industrial developments in France and Germany, in separate transactions, for a total of €91 million. These build-to-core investments extend and complement AEW’s existing €4bn pan-European industrial and logistics portfolio.
Upon completion, the BREEAM-certified developments will comprise 55,000 sqm in key locations in the immediate vicinities of Berlin, Stuttgart and Paris and will benefit from strong transport connections. Four of the schemes are set for completion in 2020, with the final development due by the end of 2021.
AEW has a well-established 20 year track record in the warehouse market which spans France, Germany, the Netherlands, Belgium, Poland, the Czech Republic, Italy and Spain.
Source : Company