Elite Partners Capital acquires logistic centre in Germany
Victor Song, co-founder and CEO of Elite Partners Capital, claims that the stabilising lending rates offers a tactical window of opportunity for investors to re-enter the marketplace.
Elite Partners Capital, a Singapore-based different investment management business, has actually acquired a global logistics center located inside Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics park is near to Stuttgart, the automotive capital of Germany.
Elite Partners Capital prepares to enhance the centre’s environmental, social and governance (ESG) requirements, and expects to obtain the DGNB Gold Qualification– the accreditation granted by Germany’s eco friendly building council.
The industrial region is served by numerous travel choices, offering straight connections to various freeways, connectivity to the Port of Karlsruhe– a major inland port along the Rhine river, along with distance to major international airport terminals in Frankfurt and Stuttgart.
The location spans about 1.94 million sq ft. Greater than 85% of the commercial property’s net lettable area is currently occupier to a vehicle giant on a long lease, acting as their global logistics facility.
In a June 27 announcement, the business claims that the place was obtained through the company’s flagship Elite Logistics Fund II. The Pan-European logistics fund is sustained by a sovereign wealth fund, along with an affiliate of family workplaces throughout Asia.
The asset was marketed by a shared investing between global alternative financial investment management corporation TPG Angelo Gordon and Germany-based investment and asset management business aam2core Holding. The deal was brokered by CBRE’s capital markets team in Germany.
