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TH Real Estate and Palmira acquire logistics centres in Lower Saxony and Bavaria, Germany

Lehre

TH Real Estate and Palmira Capital Partners have acquired two recently developed logistics centres, one located in Mamming near Munich, and the other in Lehre near Wolfsburg.

With a combined lettable floor area of 40,000 sq m (c.431,000 sq ft), both assets have been acquired on behalf of the club fund ICF GLOG (Investoren-Club-Fonds German Logistics), from Itzehoe domiciled company - May & Co. The purchase price has not been disclosed.

The larger asset in Mamming is located adjacent to the B92 federal route and the A3 motorway, in close proximity to the main BMW plant in Dingolfing. The property in Lehre is located close to the VW plant in Wolfsburg. Both assets were completed in 2014.

The investment fund Investoren-Club-Fonds German Logistics (ICF GLOG) is an investor club that was initiated by Institutional Investment Partners (2IP). TH Real Estate and Palmira Capital Partners are exclusive asset managers. It targets assets across Germany, where the investment criteria - regions with gateway functions, sustainable future prospects, etc - can be met. It focuses on generating stable long-term income streams, and on ensuring a high degree of risk control.

Thorsten Kiel, Fund Manager ICF GLOG, TH Real Estate: “These two logistics assets are distinguished above all by their outstanding location, modern facilities, and blue-chip tenants. Other perks include their flexible use opportunities that leave many alternative options open for the future.”

 

 

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Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. Past performance is not a guide to future returns. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.