All Articles

TH Real Estate and Palmira Capital Partners acquire logistics centre from Panattoni Europe

Bad Rap

TH Real Estate and Palmira Capital Partners have acquired a logistics asset currently under construction in Bad Rappenau near Heilbronn in southern Germany on behalf of its Investoren-Club-Fonds German Logistics (ICF GLOG) Fund. The asset was sold by Panattoni Europe, a full-service developer and investor for logistics and industrial real estate.

Totalling 25,000 sq m, the property is an automotive logistics centre and has been pre-let to the French automotive supplier, Faurecia. Bad Rappenau boasts close proximity to the A6 motorway, providing direct access to the city of Heilbronn and the Audi plant in Neckarsulm.

This asset is the fourth acquisition to be transacted jointly by TH Real Estate and Palmira Capital Partners, joint managers of the Fund on behalf of Institutional Investment Partners (2IP).

The Fund focuses on core high-quality, logistics properties in strong locations across Germany. It endeavours to generate a stable, long-term income stream by ensuring a high degree of risk diversification. 

Thorsten Kiel, Head of Logistics Europe and Fund Manager ICF GLOG, TH Real Estate:

 "This asset benefits from a superb location, with close proximity to the motorway and three major metro areas. In additions, the modern facilities built for purpose for the automobile industry will make it the perfect property for Faurecia."

Fred-Markus Bohne, Managing Partner, Panattoni Europe:

 "We are pleased with the timely conclusion of this sale and believe it is a testament to the superiority of the properties, furnishings, usability and strong location."

Disclaimer

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.

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. COM201500273

 

Press Office

Kara Eigl, Senior PR Manager

+442037278438

Sophie Hinder-Walbank, Marketing & Communications Manager

+442037278251