Elite Partners Capital acquires logistic centre in Germany

The site extends approximately 1.94 million sq ft. More than 85% of the property’s net lettable area is presently dweller to an auto titan on a long rental, working as their global logistics centre.

In a June 27 press release, the company states that the place 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, along with a connection of family offices throughout Asia.

The asset was offered by a shared venture in between worldwide alternative financial investment organization firm TPG Angelo Gordon and Germany-based financial investment and asset management firm aam2core Holding. The transaction was brokered by CBRE’s capital markets group in Germany.

Victor Song, co-founder and chief executive officer of Elite Partners Capital, states that the stabilising interest rates presents a strategic window of chance for capitalists to re-enter the marketplace.

Elite Partners Capital intends to improve the centre’s environmental, social and governance (ESG) specifications, and anticipates to obtain the DGNB Gold Qualification– the qualification granted by Germany’s eco friendly building council.

The industrial area is served by many travel alternatives, offering direct links to numerous motorways, accessibility to the Port of Karlsruhe– a major inland port along the Rhine river, in addition to closeness to major international airport terminals in Frankfurt and Stuttgart.

The Hill @ One North Singapore

Elite Partners Capital, a Singapore-based different investment management company, has actually acquired a global logistics facility located in Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics area is near to Stuttgart, the automobile capital of Germany.


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