Natixis Capital Partners announced on Monday that it has bought three German industrial real estate sites in the western German city of Neuss from the automotive company Pierburg. The financial details were not disclosed. The properties provide a total lettable area of about 80,000 m[sup]2[/sup] and are earmarked for Naxitis' Captiva Capital Partners III fund. The assets have been leased back under terms of various lengths by Pierburg, which uses them for research & development, production, offices and storage,
Natixis Capital Partners announced on Monday that it has bought three German industrial real estate sites in the western German city of Neuss from the automotive company Pierburg. The financial details were not disclosed. The properties provide a total lettable area of about 80,000 m2 and are earmarked for Naxitis' Captiva Capital Partners III fund. The assets have been leased back under terms of various lengths by Pierburg, which uses them for research & development, production, offices and storage,
This transaction is part of an acquisition program which focuses on real estate sale & leasebacks in the German industrial sector, Natixis said. The company has already closed a number of industrial sale & leaseback transactions with German corporations and this acquisition will be added to an existing industrial real estate portfolio of circa EUR 350 mln.
Natixis Capital Partners was advised by Freshfields Bruckhaus Deringer, PwC und URS. The seller was advised by Catella Corporate Finance.
Natixis Capital Partners is a real estate private equity subsidiary of IXIS Corporate & Investment Bank, which in turn is part of Natixis, one of the largest banking networks in France. Since 2001 Natixis Capital Partners has acquired assets in all major European jurisdictions totalling over EUR 6 bn.