GPT Halverton has concluded two letting deals in Germany for the multi-let light industrial fund HBI. The pan-European fund and asset management company said a regional logistics company had agreed to take up 5,600 m[sup]2[/sup] of warehouse space at the Louis-Krages-Gelaende property in Bremen. The asset is located 11 km from Bremen's passenger and freight airport.
GPT Halverton has concluded two letting deals in Germany for the multi-let light industrial fund HBI. The pan-European fund and asset management company said a regional logistics company had agreed to take up 5,600 m2 of warehouse space at the Louis-Krages-Gelaende property in Bremen. The asset is located 11 km from Bremen's passenger and freight airport.
GPT Halverton also renewed a 1,500 m2 lease at Gewerbepark Frankfurter Weg in Paderborn. The existing tenant, a wholesale trader for cleaning and industrial hygiene services, agreed to extend its lease for the next five years. The Paderborn property is a commercial park comprising 16 buildings and includes warehousing and office space.
HBI was GPT Halverton' s initial flagship vehicle and targets multi-let light industrial properties in Germany, the Netherlands, France, Denmark and Sweden. HBI's current portfolio is valued at EUR 823 mln.
