Private equity real estate firm HighBrook Investors has set up a partnership with German asset and property manager Valon to focus on German urban logistics assets.
The two partners have seeded the initial portfolio with four last mile logistics properties comprising a total of approximately 30,000 m2 . The properties were all acquired in the last few months via four separate off-market transactions of an undisclosed amount.
The assets are located in German urban infill locations namely Willich, Hilden, Haan and Gelsenkirchen.
Similar to the Netherlands, where HighBrook has acquired more than 65 last mile logistics properties in the last 15 months, HighBrook and Valon plan to significantly grow the portfolio this year with additional acquisitions across the German market with the main focus on the Rhein Ruhr and Rhein Main regions.
HighBrook is a private equity real estate investor focused on value-add investments in Western Europe and the United States. HighBrook manages a series of commingled, closed-end funds from offices in London, New York and West Palm Beach.
Valon is a full-service real estate platform with 65 employees and four offices in Germany (Soest, Berlin, Munich and Cologne).
