Elite Partners Capital acquires logistic centre in Germany
The industrialized area is offered by lots of travel options, providing direct connections to different motorways, access to the Port of Karlsruhe– a significant inland port around the Rhine river, along with distance to key global flight terminals in Frankfurt and Stuttgart.
Victor Song, co-founder and CEO of Elite Partners Capital, states that the securing rates of interest offers a tactical window of opportunity for financiers to re-enter the marketplace.
The asset was marketed by a joint venture between worldwide alternative financial investment management firm TPG Angelo Gordon and Germany-based investment and asset management firm aam2core Holding. The purchase was agented by CBRE’s capital markets team in Germany.
Elite Partners Capital, a Singapore-based different financial investment management firm, has acquired a global logistics facility located within Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics park is near to Stuttgart, the auto capital of Germany.
In a June 27 press release, the business says that the site was acquired by means of the company’s forerunner Elite Logistics Fund II. The Pan-European logistics budget is sustained by a sovereign wealth fund, alongside a connection of family offices throughout Asia.
Elite Partners Capital plans to improve the facility’s environmental, social and governance (ESG) requirements, and expects to attain the DGNB Gold Qualification– the accreditation awarded by Germany’s sustainable structure council.
The area spans around 1.94 million sq ft. More than 85% of the commercial property’s net lettable space is currently occupier to an automobile giant on a long contract, functioning as their international logistics center.
