Elite Partners Capital acquires logistic centre in Germany

The asset was sold by a joint investing between global alternative financial investment organization corporation TPG Angelo Gordon and Germany-based investment and property management company aam2core Holding. The transaction was brokered by CBRE’s capital markets group in Germany.

The location spans around 1.94 million sq ft. More than 85% of the real estate’s final lettable area is currently dweller to an auto giant on a long rental, acting as their worldwide logistics facility.

Victor Song, co-founder and chief executive officer of Elite Partners Capital, claims that the stabilising interest rates presents a calculated window of possibility for financiers to come back the market.

Sora Condo Yuan Ching Road

Elite Partners Capital, a Singapore-based different financial investment management firm, has gotten a worldwide logistics centre situated inside of Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics place is near to Stuttgart, the automobile capital of Germany.

Elite Partners Capital plans to improve the centre’s environmental, social and governance (ESG) requirements, and expects to acquire the DGNB Gold Qualification– the qualification granted by Germany’s eco friendly structure council.

The industrial region is served by numerous transportation options, including straight links to numerous freeways, easy access to the Port of Karlsruhe– a significant inland port around the Rhine waterway, along with distance to primary global airports in Frankfurt and Stuttgart.

In a June 27 announcement, the company claims that the place was acquired through the company’s main Elite Logistics Fund II. The Pan-European logistics fund is supported by a sovereign wealth fund, along with a network of family office spaces throughout Asia.

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