Cabot Properties has acquired a 16,400sqm logistics development in Gross Munzel, near Hanover, Germany, in a forward purchase deal from local developer BGAR.
The asset, which forms part of a broader commercial zone in the Wunstorf/Barsinghausen area, was fully pre-let during construction and is scheduled for completion in the fourth quarter of 2026.
No financial details were disclosed.
Konstantin Braun, vice president, investments at Cabot Properties, said: “This is a rare opportunity to acquire a modern, highly functional logistics property during construction through an off-market process with limited bidder competition. This enables us to expand into a strategically important target region on attractive terms.
“The property is located within an established logistics cluster that continues to attract strong interest from occupiers and developers. It also benefits from excellent access to one of Lower Saxony’s most important logistics corridors and an existing lease with a high-quality occupier.”
Bernd Rathenow, managing director at BGAR, said: “We at BGAR would like to thank Cabot for the confidence it has placed in our company and for the professional and straightforward execution of the acquisition process.
“Our focus is now on completing the final stages of construction and handing over the building to its new owner. We would also be pleased to discuss the acquisition of future projects with Cabot.”
Felicitas Roda, real estate agent at S-ImmobilienVermittlung Hannover, which brokered the transaction, said: “BGAR’s professional management of the process contributed to Cabot’s decision to invest once again in a high-quality new-build development and to acquire the property during the construction phase.
“We look forward to the continued smooth progress of the project and to a successful long-term collaboration among all parties involved.”
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