Alpha Industrial delivers 53,000-m[sup]2[/sup] logistics centre

Logistics real estate specialist Alpha Industrial has delivered a new distribution and handling centre for Redcoon in Erfurt, Germany.

The complex, encompassing around 53,000 m² of leasing area divided up into three halls, will serve as Redcoon's European headquarters for storing, commissioning and distributing its products.

The new building in the Erfurt logistics park cost around EUR 24.5 mln to build. Alpha Industrial's financing partner on this project was the European Property Growth Fund (EPGF), set up by Standard Life Investments in 2001 for institutional investors.

The Erfurt complex is the second major project that Alpha Industrial and SLI have realised together.