London-listed Tritax EuroBox has invested €290.9m to buy two assets in Germany from Dietz.
The European logistics real estate investor has bought a 70,000sqm in the Nuremberg region, Bavaria, and has acquired a 94,800sqm asset in Lich, Hesse.
Tritax EuroBox said Dietz will remain as a minority shareholder in both assets.
The acquisitions align with the company’s investment strategy, with a particular focus on achieving its near and long-term environmental, social, and governance targets in “owning sustainable buildings, reducing energy and carbon emissions, enhancing biodiversity and creating quality workspaces for occupiers”, Tritax EuroBox said.
Nick Preston, fund manager of Tritax EuroBox, said: “Following the successful raise of €230m of new equity in March, we are delighted to acquire swiftly these two assets in core logistics locations in Germany, deploying a large part of the equity proceeds recently raised and the proceeds of the profitable sale of an asset in Poland.
“Both buildings are highly sustainable, modern, top specification logistics facilities. They benefit from excellent transport and infrastructure connectivity and are let on long index-linked leases to high quality, market-leading, global occupiers.”
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