AEW, the global real estate investment management platform, has acquired a portfolio of 14 logistics assets in Germany through the acquisition of a fund managed by PATRIZIA and Garbe. The “Roots Portfolio” was acquired on behalf of a German insurance investor.
The portfolio comprises a total of c.285,000 sqm of logistics space, which is 96% let, located across Germany‘s leading logistics markets of Munich, Frankfurt, Stuttgart and Hamburg. The 14 assets are a balanced mix of high quality distribution and cross-dock properties and benefit from a stabilised and secure cash flow from occupiers including DB Schenker, DSV and Dachser.
All the assets are located in major urban areas with excellent transport links and are underpinned by strong market fundamentals, including low vacancy rates and a lack of available modern logistics space, resulting in high occupier demand and value growth potential.
Source : AEW.