Savills Investment Management has acquired a new logistics building in Germany from Aconlog for a local pension fund.
The international real estate manager has invested an unspecified sum to acquire the fully-let 26,500sqm asset in Bocholt, North Rhine-Westphalia, on behalf of the southern German pension fund.
Patrick Griesbeck, senior investment manager at Savills IM, said: “We are delighted to have secured this Grade A logistics building in Bocholt off-market for our long-standing investor.
“Thanks to its high-quality specification, consistent consideration of ESG criteria, long-term lease to a tenant with a strong credit rating, and central location in one of the most sought-after logistics regions in western Germany, the property is an ideal addition to the portfolio and contributes to further diversification.”
Tim Ulrich, head of transaction management Germany, Austria & Switzerland at Savills IM, said: “We are searching for additional properties in Germany and Europe for various funds and mandates that offer positive economic and demographic development and high sustainability standards.
“In addition to logistics, the focus is on the living, office and food retail sectors.”
Oliver Blüher, managing partner at Aconlog, said: “With the sale of our brownfield development in Bocholt, we were able to successfully complete our tenth project since our founding in 2020 within 18 months from project start to closing.”
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