German logistics specialist Garbe Industrial Real Estate has purchased two new properties for its Garbe Logistik ImmobilienFondsPlus (GLIF +) in Essen and Worms for around €52 mln.
'With the current acquisitions, the GLIF + now has a total of eight properties - and we are still looking for modern logistics facilities, also with short lease periods,' commented Sonja Ebeling, head of investment management at Garbe Industrial Real Estate.
The asset in Essen is located in an urban area on the northern outskirts of the city and comprises 126,000 m2 of logistics including multi-storey warehouses. It is currently used as a large warehouse for fashion. Logivest advised Garbe on the deal, while Lohnbach Investment Partners, Munich, as the previous asset servicer of the property, advised the vendor.
The second purchase, a fully leased modern logistics centre in Worms, covers 54,000 m2 and is equipped with more than 70 goods entry and exit gates.
Vendor S+T Bundeszentrale Selex + Tania Handels was advised by Jones Lang LaSalle.
