Elite Partners Capital acquires logistic centre in Germany

The area spans around 1.94 million sq ft. Greater than 85% of the real estate’s net lettable area is presently renter to an auto titan on a lengthy rental, working as their global logistics center.

In a June 27 news release, the firm states that the area was acquired by means of the firm’s forerunner Elite Logistics Fund II. The Pan-European logistics budget is backed by a sovereign wealth fund, alongside a network of family group workplaces throughout Asia.

Elite Partners Capital prepares to improve the facility’s environmental, social and governance (ESG) specs, and expects to achieve the DGNB Gold Qualification– the certification awarded by Germany’s eco friendly building council.

The Arcady @ Boon Keng floor plan

Elite Partners Capital, a Singapore-based different investment management business, has obtained a worldwide logistics centre situated in Ettlingen West’s Industrial Zone, Germany. The large-scale multi-user logistics area is near to Stuttgart, the automobile capital of Germany.

The industrial region is served by several travel options, offering direct connections to numerous motorways, access to the Port of Karlsruhe– a major inland port along the Rhine waterway, in addition to closeness to primary worldwide airport terminals in Frankfurt and Stuttgart.

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

Victor Song, co-founder and chief executive officer of Elite Partners Capital, claims that the securing rates of interest offers a strategic window of option for financiers to return to the market.