Elite Partners Capital acquires logistic centre in Germany
The industrialized zone is offered by several travel options, offering straight links to numerous freeways, accessibility to the Port of Karlsruhe– a significant inland port along the Rhine waterway, as well as proximity to major worldwide airports in Frankfurt and Stuttgart.
The location extends approximately 1.94 million sq ft. More than 85% of the real estate’s net lettable space is currently dweller to an automobile giant on a prolonged lease, acting as their global logistics center.
Elite Partners Capital, a Singapore-based alternative investment management firm, has actually obtained an international logistics hub located inside of Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics place is near to Stuttgart, the automotive capital of Germany.
The investment was offered by a joint venture between international alternative financial investment organization firm TPG Angelo Gordon and Germany-based investment and asset management company aam2core Holding. The purchase was brokered by CBRE’s capital markets team in Germany.
Victor Song, co-founder and chief executive officer of Elite Partners Capital, claims that the stabilising interest rates offers a strategic window of opportunity for financiers to return to the marketplace.
In a June 27 press release, the company says that the site was gotten by means of the business’s main Elite Logistics Fund II. The Pan-European logistics fund is sustained by a sovereign assets fund, alongside an affiliate of family offices across Asia.
Elite Partners Capital intends to boost the centre’s environmental, social and governance (ESG) specifications, and anticipates to obtain the DGNB Gold Accreditation– the qualification awarded by Germany’s sustainable structure committee.
