Commerz Real acquires logistics project in Hannover

By A staff reporter 2010-05-27T00:00:00+01:00

Commerz Real announced on Thursday that it has signed the deed for the Hermes Hub Nord logistics project development in Hanover. Following its prospective completion in Q4 2010, the property will be transferred to the hausInvest europa open-ended real estate fund. The total investment volume for comes to EUR 24 mln. The vendor was a subsidiary of ECE Project Management.

Commerz Real announced on Thursday that it has signed the deed for the Hermes Hub Nord logistics project development in Hanover. Following its prospective completion in Q4 2010, the property will be transferred to the hausInvest europa open-ended real estate fund. The total investment volume for comes to EUR 24 mln. The vendor was a subsidiary of ECE Project Management.

The property comprises a gross lettable area of about 58,000 m² which is fully let for 15 years to German shipping company Hermes Logistik Gruppe.