CBRE Global Investors has acquired three logistics assets in Germany from Deka Immobilien on behalf of clients.
CBRE Global Investors has acquired three logistics assets in Germany from Deka Immobilien on behalf of clients.
Financial details were not disclosed.
The assets are: a 16,125 m2 warehouse in Dietzenbach, 15 km south of Frankfurt; a 31,668 m2 warehouse located in the Billbrook logistics area in Hamburg; and a 22,098 m2 warehouse also located in the Billbrook area.
Ulrich Oppermann, head of transactions Germany at CBRE Global Investors, commented: ‘We have acquired assets that meet the strategy of our investors of securing long-term holds in the strongest German logistics markets. The portfolio is 98% occupied and there is almost no supply in these markets so the probability of lease renewals is high.’
He added that the assets offered potential for upgrading to modern standards.
