CBRE IM and global commercial real estate developer Trammell Crow Company (TCC) have partnered to purchase a 38,500 m2 logistics property near Berlin, Germany.
The seller was Real Core Holding, a Frankurt-based joint venture between May & Co. and Pflugfelder for the development of industrial and logistics properties.
RCH acquired the property in 2017, developed the development plan, and obtained a building permit in 2021. The construction of the project is expected to start this year.
In their first collaboration in Germany, CBRE IM and TCC will develop a logistics facility with a gross floor area of 20,981 m2 that can be divided into two units. It will include 18 truck loading ramps, two ground-level sectional doors, and 210 barrier-free car and 19 truck parking spaces. The building will be heated with a heat pump and will have a photovoltaic-capable roof. Upon completion, TCC and CBRE IM are aiming for BREEAM Excellent certification.
Max Moser, VP at Trammell Crow Company, said: ‘As the demand for high-quality and efficient logistics infrastructure in Germany continues to grow, this acquisition underscores our commitment to meeting that need. This project is an example of excellent connectivity, sustainability and quality.’
Sebastian Ehrhardt, country manager Germany and head of Transactions DACH at CBRE IM, added: ‘The long-term fundamentals for the European logistics sector are extremely positive. This is particularly true for Germany, which benefits from its location at the centre of the EU and a first-class infrastructure connecting it to the rest of the continent. The project we will be realising together with Trammell Crow in Berlin is an excellent example of the type of high-quality and stable investment opportunities we are focusing on along the European logistics corridors.’
The project provides access to supply chain and transport networks and is located 7 km from Berlin BER Airport, 2.2 km from the A117/A113 motorway junction, and is 40 minutes away from Berlin city centre. This prime location provides optimal access to both national and international transportation routes.
