Elite Partners Capital acquires logistic centre in Germany

Elite Partners Capital, a Singapore-based different investment management company, has actually gotten an international logistics hub situated inside of Ettlingen West’s Industrial Zone, Germany. The large-scale multi-user logistics place is near to Stuttgart, the automobile capital of Germany.

The investment was sold by a mutual venture in between global alternative investment management company TPG Angelo Gordon and Germany-based investment and property management business aam2core Holding. The transaction was agented by CBRE’s capital markets team in Germany.

The site extends around 1.94 million sq ft. Greater than 85% of the real estate’s final lettable area is presently dweller to an automobile giant on a prolonged contract, working as their international logistics facility.

Elite Partners Capital plans to improve the centre’s environmental, social and governance (ESG) specs, and anticipates to attain the DGNB Gold Accreditation– the accreditation awarded by Germany’s renewable structure committee.

J’Den Condo floor plan

The industrialized area is served by numerous commuter alternatives, including direct links to numerous motorways, connectivity to the Port of Karlsruhe– a major inland port around the Rhine waterway, as well as proximity to key global airports in Frankfurt and Stuttgart.

In a June 27 press release, the firm says that the area was obtained by the firm’s flagship Elite Logistics Fund II. The Pan-European logistics fund is backed by a sovereign assets fund, along with an affiliate of family workplaces across Asia.

Victor Song, co-founder and CEO of Elite Partners Capital, says that the stabilising interest rates presents a strategic window of option for capitalists to return to the market.

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