Elite Partners Capital acquires logistic centre in Germany

Elite Partners Capital prepares to boost the centre’s environmental, social and governance (ESG) specs, and expects to acquire the DGNB Gold Qualification– the qualification granted by Germany’s eco friendly building committee.

The industrialized zone is offered by several commuter choices, providing direct connections to numerous motorways, access to the Port of Karlsruhe– a major inland port along the Rhine waterway, as well as distance to major global airports in Frankfurt and Stuttgart.

The area covers about 1.94 million sq ft. Greater than 85% of the real estate’s net lettable area is currently renter to an automobile titan on a long rental, acting as their international logistics facility.

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In a June 27 press release, the firm says that the area was obtained by means of the company’s main Elite Logistics Fund II. The Pan-European logistics fund is supported by a sovereign wealth fund, alongside a connection of family group workplaces throughout Asia.

Elite Partners Capital, a Singapore-based different investment management firm, has actually obtained a worldwide logistics hub located in Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics area is near to Stuttgart, the auto capital of Germany.

The asset was marketed by a shared venture between international alternative investment management firm TPG Angelo Gordon and Germany-based financial investment and property management business aam2core Holding. The transaction was brokered by CBRE’s capital markets team in Germany.

Victor Song, co-founder and chief executive officer of Elite Partners Capital, says that the stabilising rates of interest presents a strategic window of possibility for capitalists to come back the marketplace.