GARBE Industrial Real Estate GmbH, one of the leading specialists for logistics and industrial properties in Germany and Europe, just acquired a portfolio of four logistics assets for its institutional German fund, “GARBE Logistikimmobilien Fonds Plus” (“GLIF+”). Three of the properties are located in Germany, specifically in the towns of Hof, Nohra and Münster, while the fourth one is located in the Austrian capital Vienna. Among the main tenants are largely blue-chip logistics and retail companies loyal to the location, including H. Gautzsch, Weiss Lager- u. Speditionslogistik, Sonepar, and AW-Logistikcenter. The acquired assets have a combined lettable area of around 123,000 square metres, and are almost fully occupied. The weighted average lease term (WAULT) is around six years. The properties were sold by UBS Real Estate. It was agreed not to disclose the selling price.
Source : GARBE Industrial Real Estate