InfraRed Capital Partners has acquired two logistics facilities in Germany from Redevco Services Deutschland for an undisclosed amount. The properties are earmarked for the company's InfraRed European Active Real Estate Fund.
InfraRed Capital Partners has acquired two logistics facilities in Germany from Redevco Services Deutschland for an undisclosed amount. The properties are earmarked for the company's InfraRed European Active Real Estate Fund.
The properties, offering a total area of 28,000 m2, are located in the Unterschleissheim district of Munich and in Hamburg's Allermoehle industrial area.
'With these two acquisitions, we continue our strategy of systematically and deliberately build a German logistics portfolio,' said Joram Szerkowski of InfraRed Capital Partners. The company was created in early May as part of a management buyout carried out by the executives of HSBC Specialist Investments, the real estate private equity fund management activities of HSBC.
InfraRed manages in excess of $4 bn of equity capital in funds that invest into real estate and infrastructure assets which InfraRed develops and operates across the globe. Its 80 staff are deployed across offices in London, Hong Kong, New York, and Paris.
Redevco said the sale is part of the company's announced strategy to focus exclusively on retail properties.
C&W advised the vendor, Realogis acted for the buyer.
