Global real asset manager CBRE Investment Management has acquired two logistics properties in Gladbeck and Cologne from Alcaro Invest.
The two logistics properties, Log Plaza Colonia 2 and Log Plaza Gladbeck 1, have a total lettable area of 29,000 m2.
The two logistics properties are fully let on long-term leases. In Cologne, a tenant active in the e-commerce sector committed to the property and in Gladbeck, the property is leased on a long-term basis to a manufacturing company.
Both logistics properties were completed in the summer and autumn of last year, respectively.
Alcaro is a wholly owned subsidiary of Osmab Holding, an investor, project developer, asset manager and portfolio holder operating throughout Germany with a focus on office and logistics properties.
Sebastian Ehrhardt, country manager Germany and head of transactions DACH at CBRE Investment Management said: 'The distribution centres in Cologne and Gladbeck are located in established logistics hotspots with excellent infrastructure in sub-markets that are important to us.
'In addition, the logistics sector is currently offering most attractive investment opportunities in the German market, along with residential. We therefore believe that we have made an excellent choice at this point in time with these two fully let properties.'
Added Osmab CEO Anton Mertens: 'We are pleased that we are attracting great interest in the market with our modern and sustainable logistics space under our 'Log Plaza' brand. This proves that it is worthwhile to realize these sought-after buildings speculatively.'
The Log Plaza Gladbeck 1 property compromises around 16,000 m2 of logistics space and is located in the commercial area of Gladbeck, which is conveniently located on the A2 and A31 motorways and is also easily accessible by public transport.
The Log Plaza Gladbeck 1 meets a variety of sustainability criteria. These include high quality building insulation and energy-efficient lighting as well as air conditioning. The roof is equipped with a large-scale photovoltaic system with a total output of approximately 2 MWp. The asset also features several e-charging stations and extensive greenery.
The logistics property Log Plaza Colonia 2 is located in an industrial park in the district of Cologne-Poll. The total lettable area amounts to around 13,000 m2. The roof is also equipped with a photovoltaic system with a nominal output of 1.54 MWp.
Nearby are the A4 and A559 motorways. There is also a very good public transport connection. In addition, the Cologne's asset’s logistics areas meets contemporary, sustainability criteria.
