Trammell Crow Company (TCC) has partnered with a fund managed by CBRE Investment Management (CBRE IM) in Germany to acquire a 38,524sqm logistics site near Berlin from the Real Core Holding (RCH) joint venture.
The RCH joint venture – comprising May & Co and Pflugfelder – acquired the site in 2017, developed the master plan and received building permission in 2021.
The acquisition by TCC and CBRE IM marks their first collaboration in Germany. Together, they will develop a 20,981sqm single warehouse logistics asset that can accommodate up to two tenants. Construction of the project is scheduled to begin this year.
Max Moser, VP at Trammell Crow Company, said: “As demand for class-A, high-quality and efficient logistics infrastructure continues to grow in Germany, this acquisition underscores our commitment to addressing these needs. This project exemplifies excellence in connectivity, sustainability, and quality.
“Having worked with CBRE IM so successfully in other markets, we’re pleased to have the opportunity to collaborate with its team in Germany and expand TCC’s rapidly growing footprint in central Europe with another best-in-class scheme.”
Sebastian Ehrhardt, MD and country manager for Germany at CBRE IM, said: “The long-term fundamentals for Europe’s logistics sector are highly positive. This is especially the case in Germany that benefits from its location at the centre of the European Union supported by world class infrastructure connecting it to the rest of the continent.
“This scheme we will deliver in Berlin, together with Trammell Crow, is an excellent example of the kind of high-quality stable investment opportunities we are focused on located on European logistics corridors.”
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