Elite Partners Capital acquires logistic centre in Germany

Elite Partners Capital, a Singapore-based different investment management firm, has acquired an international logistics hub located inside of Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics area is near to Stuttgart, the auto capital of Germany.

In a June 27 press release, the firm claims that the area was obtained through the business’s main Elite Logistics Fund II. The Pan-European logistics budget is supported by a sovereign assets fund, along with a network of family group office spaces across Asia.

Midtown Modern condo

The site spans about 1.94 million sq ft. More than 85% of the commercial property’s final lettable area is currently tenanted to an auto titan on a lengthy lease, serving as their international logistics facility.

The asset was sold by a joint venture between global alternative financial investment management company TPG Angelo Gordon and Germany-based financial investment and asset management firm aam2core Holding. The transaction was agented by CBRE’s capital markets group in Germany.

Victor Song, co-founder and CEO of Elite Partners Capital, states that the stabilising rates of interest offers a strategic window of opportunity for financiers to come back the market.

Elite Partners Capital prepares to enhance the facility’s environmental, social and governance (ESG) specs, and expects to attain the DGNB Gold Accreditation– the accreditation granted by Germany’s eco friendly building committee.

The industrialized zone is offered by many transportation alternatives, providing straight connections to various motorways, access to the Port of Karlsruhe– a primary inland port along the Rhine waterway, along with proximity to major worldwide airports in Frankfurt and Stuttgart.

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