Elite Partners Capital acquires logistic centre in Germany

The industrialized region is served by numerous transportation options, providing direct links to various freeways, access to the Port of Karlsruhe– a significant inland port around the Rhine waterway, in addition to proximity to key global flight terminals in Frankfurt and Stuttgart.

Elite Partners Capital prepares to enhance the centre’s environmental, social and governance (ESG) requirements, and expects to achieve the DGNB Gold Qualification– the qualification granted by Germany’s renewable building council.

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The site covers about 1.94 million sq ft. Greater than 85% of the property’s final lettable space is currently occupier to an automobile titan on a lengthy contract, functioning as their worldwide logistics centre.

Elite Partners Capital, a Singapore-based different venture management business, has actually gotten an international logistics center located inside Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics park is near to Stuttgart, the automotive capital of Germany.

The asset was offered by a mutual venture in between international alternative investment management firm TPG Angelo Gordon and Germany-based financial investment and asset management firm aam2core Holding. The transaction was agented by CBRE’s capital markets team in Germany.

In a June 27 news release, the firm states that the area was gotten through the company’s forerunner Elite Logistics Fund II. The Pan-European logistics fund is sustained by a sovereign assets fund, along with an affiliate of family group offices across Asia.

Victor Song, co-founder and CEO of Elite Partners Capital, states that the securing interest rates presents a tactical window of possibility for investors to come back the marketplace.

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