Commerz Real has acquired the WEG Logistics Centre in Kerpen, Germany, for one of its specialised funds. The total investment volume for the property, which extends over a gross lettable area of about 14,500 m2, comes to about EUR 11.3 mln. The property was sold by M.H. Zweite Grundinvest Gesellschaft, a property company belonging to Alcaro Invest, which is a logistics project developer based in Rösrath. BNP Paribas Real Estate facilitated the transaction.
Commerz Real has acquired the WEG Logistics Centre in Kerpen, Germany, for one of its specialised funds. The total investment volume for the property, which extends over a gross lettable area of about 14,500 m2, comes to about EUR 11.3 mln. The property was sold by M.H. Zweite Grundinvest Gesellschaft, a property company belonging to Alcaro Invest, which is a logistics project developer based in Rösrath. BNP Paribas Real Estate facilitated the transaction.
The modern high-end logistics property is defined by a highly flexible floor plan so that it can be partitioned into several sections as needed. The property is let to WEG Germany, a globally active provider of integrated technology solutions in the areas of electric motors, automation, drives and energy with headquarters in Brazil.
