Citi Property Investors (CPI), through a Luxembourg SPV (special purpose vehicle), has acquired three logistics properties known as Brixton Park from Deka Immobilien for a 'middle-sized double-digit million figure'. The assets previously belonged to the open-ended public fund WestInvest I. Colliers Trombello Kölbel Immobilienconsulting advised the purchaser.
Citi Property Investors (CPI), through a Luxembourg SPV (special purpose vehicle), has acquired three logistics properties known as Brixton Park from Deka Immobilien for a 'middle-sized double-digit million figure'. The assets previously belonged to the open-ended public fund WestInvest I. Colliers Trombello Kölbel Immobilienconsulting advised the purchaser.
The properties are sited in established logistics locations in Neuss and Erkrath, Germany. Completed in the early 1980s, the buildings have over 61,000 m2 of lettable area. The most important tenants are the Danish furniture retail chain BoConcept, Japanese logistics company Mitsui-Soko, and Sangro Medical, warehouse managers and suppliers of medical consumer goods. Citigroup plans an ongoing refurbishment.
