German asset manager Triuva has acquired the Eurolog Rade logistics centre in Hamburg on behalf of the IVG Garbe logistics fund.
Financial details were not disclosed.
The multifunctional logistics park provides a total rental area of around 37,500 m2 including 3,500 m2 of offices and is located in the southern Hamburg metropolitan region. It was acquired from developer Garbe.
The Rade centre is almost fully let with an occupancy rate of 96%.
The IVG Garbe logistics fund is jointly managed by Triuva and Garbe Industrial Real Estate, and invests exclusively in core logistics properties in established locations in Germany.
