Garbe Industrial has sold a fully leased logistics property close to the southeastern German city of Regensburg to a UK-based buyer specialising in logistics real estate for an undisclosed price.
Built in 2000 on a 33,400sqm site, the asset is located in the greater Regensburg region adjacent to the A3 motorway. The arterial route provides strategic logistics connections northbound towards Nuremberg and southbound towards Passau.
“Having achieved full occupancy last year, we have now delivered a tidy return on investment to our investors by selling the asset,” said Sebastian Raschen, head of investment capital markets at Garbe.
The building spans approximately 17,700sqm, of which more than 13,700sqm encompasses warehouses and transshipment spaces. In addition, the property includes office units, 15 loading docks and an additional pit-style loading dock.
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