Ivanhoé Cambridge has announced the acquisition of its first last-mile logistics facility in Munich, Germany, with his partner URBZ Capital, an investment and asset management boutique.
Located in Karlsfeld, in the immediate vicinity of Munich, this prime last-mile logistics asset comprises a total surface area of 12,570 m2, with approximately 4,500 m2 of extension potential, located on a freehold site area of 23,800 m2. The property benefits from a strategic location nearby the city center of Munich.
Post renovation, the property will be in accordance with modern ESG standards and will include design specifications including BREEAM certification (e.g., LED lighting & sensors, etc.), electric vehicle charging points, sustainable building installations, etc.
This acquisition is part of Ivanhoé Cambridge’s push into alternative asset classes and follows the launch of a last-mile logistics strategy at the end of 2021 in partnership with URBZ Capital to develop a large portfolio of assets in Northern Europe, namely The Netherlands, Germany, Belgium and the Nordics. Since its inception, this partnership has acquired 21 properties, mainly in The Netherlands, Sweden and Germany.
‘This deal allows us to accelerate the diversification of our last-mile portfolio and demonstrate our ambition in the German logistics market. Our last-mile strategy aims to anticipate structural market trends and to support new tenants’ needs linked to the rapid e-commerce growth: developing modern and low carbon facilities located close to cities to deliver urban customers faster,’ said Christian Daumann, vice president, head of Investments, Germany, Ivanhoé Cambridge.
The transaction was negotiated by JLL on behalf of the seller.
