Elite Partners Capital acquires logistic centre in Germany
The asset was marketed by a shared venture between worldwide alternative financial investment organization company TPG Angelo Gordon and Germany-based investment and asset management business aam2core Holding. The transaction was agented by CBRE’s capital markets group in Germany.
The industrial region is served by several commuter choices, providing direct connections to various motorways, easy access to the Port of Karlsruhe– a major inland port along the Rhine waterway, along with closeness to key global flight terminals in Frankfurt and Stuttgart.
In a June 27 announcement, the company says that the area was obtained by means of the firm’s flagship Elite Logistics Fund II. The Pan-European logistics fund is sustained by a sovereign assets fund, together with a connection of family office spaces throughout Asia.
Victor Song, co-founder and CEO of Elite Partners Capital, states that the securing interest rates offers a strategic window of option for investors to come back the marketplace.
Elite Partners Capital, a Singapore-based different venture management firm, has actually gotten an international logistics facility located inside Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics place is close to Stuttgart, the auto capital of Germany.
Elite Partners Capital intends to improve the facility’s environmental, social and governance (ESG) specifications, and anticipates to attain the DGNB Gold Accreditation– the qualification granted by Germany’s eco friendly building council.
The site covers about 1.94 million sq ft. Greater than 85% of the property’s net lettable space is presently dweller to an automobile giant on a long rental, acting as their global logistics center.
