Cologne-based Alpha Industrial has signed an agreement with AEW Europe to asset manage 230,000 m[sup]2[/sup] of distribution warehouse space spread across seven properties

Cologne-based Alpha Industrial has signed an agreement with AEW Europe to asset manage 230,000 m2 of distribution warehouse space spread across seven properties

The assets are held by AEW Europe's core-plus fund Curzon Capital Partners II. Founded three years ago, Alpha Industrial Asset Management already had 120,000 m2 under management before the deal with AEW Europe.

Thorsten Bienek, head of Asset Management Alpha Industrial: 'The contract with AEW Europe enforces the success of our concept of unbroken consultancy and support in the segment of specialised industrial and logistic real estate'.

Prior to the new deal Alpha Industrial acted as consultant for AEW Europe and assisted in the purchase of the four German and the three Dutch logistic assets. All facilities are on long-term lease to third-party logistics operators as well as manufacturing and trading companies.

Tenants in Germany include Meyer & Meyer at Peine, Tchibo at Neumarkt, Actebis Peacock at Soest and Kühne + Nagel at Straubing. In the Netherlands the distribution facilities are hired to Schenker at Botlek, Van Uden Logistik at Haaften and Ricoh at Bergen op Zoom.

Alpha Industrial undertakes investment, development, leasing and asset management of real estate for industrial enterprises, logistics and transport companies as well as retailers. Its completed projects includes the first multi-use high-rise storage for Fresenius Medical Care at Biebesheim and the modern corporate head office for the US manufacturer of diesel engines Cummins at Groß-Gerau. The most recent large project will be the maintenance of the distribution centre for UK textile retail company TK Maxx at Bergheim.