European real estate fund manager Redevco has added a prime multi-user logistics park in Duisburg to its German portfolio.
The investment manager acquired the 30,000sqm asset, developed by Garbe Industrial Real Estate, for an undisclosed sum.
The latest deal brings Redevco’s total logistics platform to approximately 15msqft and €1.05bn in assets under management across 40 properties, building on its recent logistics investments in Germany, Spain and the UK, the manager said.
Camila Malzkorn, head of transaction management logistics DACH at Redevco, said, “This acquisition adds a modern, sustainability-led asset to our German logistics platform in one of Europe’s most important industrial regions. The diversified occupier base provides resilient income, alongside attractive potential for future value creation.
“The Rhine-Ruhr area remains a core focus for us, and this acquisition reinforces our conviction in its long-term fundamentals. It was a pleasure to work closely with the Garbe Industrial team, and we look forward to future opportunities to collaborate.”
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