Elite Partners Capital acquires logistic centre in Germany

The industrialized area is served by several transportation choices, providing direct links to various freeways, connectivity to the Port of Karlsruhe– a significant inland port along the Rhine river, in addition to proximity to key international airports in Frankfurt and Stuttgart.

Elite Partners Capital plans to boost the centre’s environmental, social and governance (ESG) requirements, and anticipates to obtain the DGNB Gold Certification– the certification granted by Germany’s sustainable building council.

Elite Partners Capital, a Singapore-based alternative investment management company, has actually acquired a worldwide logistics center located in Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics area is close to Stuttgart, the automotive capital of Germany.

The site covers approximately 1.94 million sq ft. More than 85% of the real estate’s net lettable space is currently tenanted to a vehicle titan on a long contract, serving as their worldwide logistics facility.

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

In a June 27 news release, the firm claims that the area was obtained by means of the firm’s forerunner Elite Logistics Fund II. The Pan-European logistics fund is backed by a sovereign assets fund, along with a network of family offices throughout Asia.

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Victor Song, co-founder and chief executive officer of Elite Partners Capital, claims that the stabilising lending rates presents a calculated window of opportunity for financiers to re-enter the marketplace.

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