The real estate arm of asset manager Ofi Invest has acquired a core logistics property in Germany from Oxenwood Real Estate.
Ofi Invest Real Estate has invested an unspecified sum to acquire Central One, a fully-let 12,000sqm asset located in Neuss, in the west of Düsseldorf’s city border.
Grégoire Bailly-Salins, the head of transactions and business development Europe at Ofi Invest Real Estate, said: “We are pleased to announce the acquisition of this prime last-mile logistics facility strategically located close to Düsseldorf, one of the most established locations for logistics in Europe.
“This acquisition is in line with our selective investment strategy, focusing on high-quality assets and locations, offering long-term and up-side potentials. Achieving this transaction in the current market environment showcases our ability to grasp market opportunities on the most resilient assets.”
Stewart Little, CEO of Oxenwood Real Estate, said: “This transaction underscores the enduring value of high-quality assets in prime locations. Neuss, as a key logistics hub, highlights the strength of the German market, where developing a well-located, modern asset with a strong tenant covenant provides secure liquidity for an exit.”
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