Henderson Global Investors has acquired a logistics building in Peine, Germany, from property company Redevco for an undisclosed amount.
Henderson Global Investors has acquired a logistics building in Peine, Germany, from property company Redevco for an undisclosed amount.
The puchase was made on behalf of Henderson's German Logistics Fund (HGLOF), a partnership between Henderson’s German Property Business and Palmira Capital Partner, a specialist in logistics real estate acting as investment adviser to the fund. It is managed via IntReal Service-KAG’s platform.
The 60,000 m2 property consists of an existing building as well as an extension that is currently under construction. The facility contains 85 loading bays as well as 299 parking spaces. It is let to C&A Mode.
Thorsten Kiel, manager of the fund, said: 'The property is currently tailored to the needs of a tenant from the textile industry, however, its flexibility of conversion means that it can easily be used for a different purpose.'
Cologne-based Crem-Consult advised the buyer and Graf von Westphalen were the legal advisors while Reag offered technical assistance and Ambiente environmental advice.