Elite Partners Capital acquires logistic centre in Germany

Elite Partners Capital prepares to improve the centre’s environmental, social and governance (ESG) specifications, and expects to attain the DGNB Gold Certification– the certification awarded by Germany’s eco friendly structure council.

The industrial zone is served by many transportation alternatives, including direct links to numerous freeways, access to the Port of Karlsruhe– a major inland port along the Rhine river, in addition to closeness to primary worldwide flight terminals in Frankfurt and Stuttgart.

Elite Partners Capital, a Singapore-based alternative financial investment management business, has actually acquired a worldwide logistics facility located in Ettlingen West’s Industrial Zone, Germany. The large-scale multi-user logistics area is near to Stuttgart, the automobile capital of Germany.

The investment was sold by a joint project between international alternative investment management firm TPG Angelo Gordon and Germany-based investment and property management business aam2core Holding. The deal was agented by CBRE’s capital markets group in Germany.

The location covers around 1.94 million sq ft. More than 85% of the commercial property’s final lettable space is presently tenanted to an automobile titan on a lengthy rental, functioning as their worldwide logistics centre.

Residence at W floor plan

Victor Song, co-founder and chief executive officer of Elite Partners Capital, says that the securing interest rates presents a tactical window of option for investors to come back the marketplace.

In a June 27 press release, the business says that the site was acquired by means of the firm’s flagship Elite Logistics Fund II. The Pan-European logistics fund is supported by a sovereign wealth fund, along with an affiliate of family group office spaces across Asia.


error: Content is protected !!