May & Co Logistik has bought 60,000 m2 of land near Dingolfing in the German state of Bavaria which it intends to develop for the local automotive industry.
May & Co Logistik has bought 60,000 m2 of land near Dingolfing in the German state of Bavaria which it intends to develop for the local automotive industry.
The land is located near the A92 motorway to the northeast of Munich and in an important area for German car making. May & Co plans to build a 30,000 m2 logistics facility for the automotive sectorat the site.
German real estate advisor Realogis will market the asset and advised on the deal.
The vendor is a private investor and the two parties agreed to keep the price confidential.
For details on why Munich, Milan and France are being overlooked by logistics investors, see the presentations from the PropertyEU European Logistics Investment Briefing.