CBRE Investment Management has acquired two logistics properties in Gladbeck and Cologne from Alcaro Invest, a wholly-owned subsidiary of German investor and developer OSMAB Holding.
The two logistics properties, Log Plaza Colonia 2 and Log Plaza Gladbeck 1, have a total lettable area of 29,000sqm.
Both assets are fully let on long-term leases. In Cologne, a tenant active in the e-commerce sector committed to the property, and in Gladbeck, the logistics unit is leased on a long-term basis to a manufacturing company. Both logistics properties were completed in the summer and autumn of last year, respectively.
Sebastian Ehrhardt, country manager Germany and head of transactions DACH at CBRE Investment Management, said: “The distribution centres in Cologne and Gladbeck are located in established logistics hotspots with excellent infrastructure in sub-markets that are important to us. In addition, the logistics sector is currently offering most attractive investment opportunities in the German market, along with residential. We therefore believe that we have made an excellent choice at this point in time with these two fully let properties.”
OSMAB CEO Anton Mertens said: “We are pleased that we are attracting great interest in the market with our modern and sustainable logistics space under our Log Plaza brand. This proves that it is worthwhile to realise these sought-after buildings speculatively.”
The Log Plaza Gladbeck 1 property compromises around 16,000sqm of logistics space and is located in the commercial area of Gladbeck, which is conveniently located on the A2 and A31 motorways and is also easily accessible by public transport. The Log Plaza Gladbeck 1 meets a variety of sustainability criteria. These include high quality building insulation and energy-efficient lighting as well as air conditioning. The roof is equipped with a large-scale photovoltaic system with a total output of approximately 2 MWp. The asset also features several e-charging stations and extensive greenery.
The logistics property Log Plaza Colonia 2 is located in an industrial park in the district of Cologne-Poll. The total lettable area amounts to around 13,000sqm. The roof is also equipped with a photovoltaic system with a nominal output of 1.54 MWp. Nearby are the A4 and A559 motorways. There is also a very good public transport connection. In addition, the Cologne’s asset’s logistics areas meets contemporary, sustainability criteria in accordance with the “Log Plaza” standards of OSMAB and ALCARO.
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