Elite Partners Capital acquires logistic centre in Germany

In a June 27 press release, the firm says that the area was gotten by means of the business’s forerunner Elite Logistics Fund II. The Pan-European logistics budget is backed by a sovereign wealth fund, alongside an affiliate of family group office spaces throughout Asia.

The investment was offered by a joint investing in between international alternative investment management company TPG Angelo Gordon and Germany-based investment and property management firm aam2core Holding. The transaction was brokered by CBRE’s capital markets team in Germany.

Elite Partners Capital, a Singapore-based alternative investment management business, has obtained an international logistics hub located in Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics park is close to Stuttgart, the automobile capital of Germany.

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Victor Song, co-founder and CEO of Elite Partners Capital, says that the securing interest rates presents a calculated window of possibility for investors to return to the market.

Elite Partners Capital intends to boost the center’s environmental, social and governance (ESG) requirements, and anticipates to attain the DGNB Gold Qualification– the accreditation awarded by Germany’s eco friendly structure council.

The industrial area is served by lots of transportation alternatives, providing straight links to numerous motorways, accessibility to the Port of Karlsruhe– a primary inland port around the Rhine waterway, along with distance to major global airport terminals in Frankfurt and Stuttgart.

The area covers around 1.94 million sq ft. More than 85% of the real estate’s net lettable area is presently occupier to a vehicle titan on a prolonged lease, working as their global logistics center.

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