German industrial property specialist BEOS has acquired a portfolio of six German business parks from UK REIT Segro for €54.2 mln.
BEOS carried out the deal on behalf of its open real estate special alternative investment fund (AIF), BEOS Corporate Real Estate Fund Germany III (CREFG III).
'The sites are seamlessly integrated into the existing CREFG III portfolio and form a solid foundation for further investment in these regions,' commented Jan Plückhahn, member of the board of management of BEOS. 'The transaction is further expanding BEOS's market leadership in the area of corporate real estate in Germany.'
The properties are located in high traffic areas in the Rhine-Ruhr and Hamburg. Key assets include the 16,400 m2 Essen Business Park, the 12,300 m2 Hamburg - Glinde Business Park (pictured), the 11,100 m2 Mönchengladbach Business Park and the 8,700 m2 Neuss Business Park. The smaller properties of the Krefeld Business Park and the Koblenz cross-dock are also included.
In total, the assets comprise office, storage and production areas of around 59,000 m2 and are let to a range of tenants.
Knight Frank Industrial Real Estate brokered the transaction.
