Warburg-HIH Invest Real Estate has invested an undisclosed amount to buy a fully-let 28,900sqm logistics property in Germany from a DWS fund.

The manager said it bought the logistics property at Märkische Allee 4-10 at the GVZ Grossbeeren freight centre south of Berlin for its open-ended Warburg-HIH Deutschland Logistik Invest fund.

The acquisition is the ninth asset in the fund.

Lars Bothe, a senior transaction manager for Warburg-HIH Invest in Germany, said: “The acquisition significantly enhances the fund’s diversification in terms of geography and tenant-industry mix. The interest shown by national and international investors on Berlin’s logistics real estate market remains as strong as ever, and was further boosted by the COVID-19 pandemic.

“We do not expect to see the action on the strained market to ease in the coming quarters, because demand for core assets like this one persists. Which makes it all the more rewarding to have managed to acquire this logistics property for our fund.”

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