Natixis' Captiva fund buys 12,500-m[sup]2[/sup] logistics platform

Buss Group's real estate development arm Ixocon has sold a logistics facility in Winsen-Luhdorf, northern Germany to the Natixis Capital Partners' Funds Captiva Capital Partners III. The financial details were not disclosed.

The 12,500-m² property is fully leased to furniture manufacturer Dedon. 'These and several other recently-executed transactions show that investment in logistics and industrial space is possible, despite a still restrictive banking environment,' said Stephan Fritsch, CEO of Natixis Capital Partners Germany.

Ixocon began the development of the project in February last year with delivery to the tenant at the end of November. Ixocon is retaining the management of the property.

Corealis Commercial Real Estate advised the seller on the deal.

Natixis Capital Partners is a European real estate investment manager active in Germany, France, Italy, Spain and the Benelux countries. NCP is jointly owned by its management together with Natixis, a Paris-listed European banking group.