Cabot Properties has acquired a logistics property of some 10,400 m2 in Hassfurt near Würzburg in Lower Franconia from Blackstone. Financial details were kept confidential.
The property at Walter-Tron-Straße 5 was built in 2007 and is located on a plot of some 22,100 m2 in an established commercial area. It is fully let to the e-commerce service provider PVS Europe.
Colliers brokered the transaction on behalf of the seller.
Christian Kah, head of Industrial & Logistics at Colliers Munich, said: 'The transaction shows that small cap investments are currently in demand as they offer exciting opportunities and often stable tenant structures. The logistics property in Hassfurt, for example, is used as a retail channel and PVS Europe operates here as a service provider for the online retail business of Hugo Boss, among others.'
