TH Real Estate and Palmira Capital Partners have acquired two recently developed logistics centres in Germany.

TH Real Estate and Palmira Capital Partners have acquired two recently developed logistics centres in Germany.

One of the properties is located in Mamming near Munich, and the other is in Lehre near Wolfsburg.

With a combined lettable floor area of 40,000 m2, both assets have been acquired on behalf of the club fund ICF GLOG (Investoren-Club-Fonds German Logistics), from Itzehoe domiciled company - May & Co. The purchase price has not been disclosed.