Frankfurt
CBRE Global Investors Acquires Trebur Logistics Park in Germany from DLH
01 Apr 2020
CBRE Global Investors, on behalf of its CBRE European Industrial Fund (EIF), has acquired a logistics site of circa 177,400 sqm in Trebur, Germany. The seller is Deutsche Logistik Holding.
The Trebur logistics park has approximately 100,000 sqm of warehouse and logistics space and room for light manufacturing. A total of fourteen units are spread over three buildings. The anchor tenants are the Nagel Group, which operates a refrigerated warehouse for fresh produce over an area of 47,000 sqm, and the logistics service provider RWL with 39,000 sqm. Other tenants include FLC Flowcasting, RollsRein and Kolbeck Hightech-Logistik. The park is fully let.
The logistics park was built between 2017 and 2019 on a former production site. Due to its first-class location in the city triangle of Frankfurt, Darmstadt, Mainz/Wiesbaden and its very good connections to Frankfurt Airport, which is about 20 km away, it offers tenants’ fast routes to major industrial sites. It is also well located between Germany, France and the Benelux countries.
“We have been able to acquire contemporary and ultra-modern logistics assets in a strategic and extremely favourable location,” says Marius Schöner, Head of Germany at CBRE Global Investors. “This investment adds to our logistics portfolio in Germany which consists of 30 assets with around 750,000 sqm of GLA and a total value of more than EUR 1 billion.”
Felix Zilling, Managing Director of DLH, comments: “In CBRE Global Investors, we have found an outstanding investor and manager for this logistics property, to whom we can transfer the Trebur logistics park in good conscience.” Christoph Telker, also Managing Director of DLH, adds: “The ambitious transaction process could only be adhered to due to an ongoing and very constructive cooperation with the buyer.”
CBRE acted as broker in the transaction. DLH was legally advised by Hogan Lovells and CBRE GIobal Investors by BLCP.
– ENDS –
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.2 billion in assets under management* as of September 30, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.
About Deutsche Logistik Holding
DLH plans and develops a broad range of flexible storage, industrial and production properties in strategic locations. DLH is a subsidiary of the real estate unit of the Zech Group, which specializes in planning and development of logistics and industrial real estate. Further information: www.dlh-realestate.com
Zech Group
The Zech Group is the strategic management holding company for three business units with separate management operating companies. The high-performance operating companies are active in the building, real estate and hotel sectors. The diversified group of companies with over 8,000 employees thus focuses on the real estate value chain.
Media contact:
Deutsche Logistik Holding GmbH & Co. KG
c/o Zech Group SE
Holger Römer
Head of Corporate Communications
Tel.: +49 421 / 41007-113
E-Mail: [email protected]
The Trebur logistics park has approximately 100,000 sqm of warehouse and logistics space and room for light manufacturing. A total of fourteen units are spread over three buildings. The anchor tenants are the Nagel Group, which operates a refrigerated warehouse for fresh produce over an area of 47,000 sqm, and the logistics service provider RWL with 39,000 sqm. Other tenants include FLC Flowcasting, RollsRein and Kolbeck Hightech-Logistik. The park is fully let.
The logistics park was built between 2017 and 2019 on a former production site. Due to its first-class location in the city triangle of Frankfurt, Darmstadt, Mainz/Wiesbaden and its very good connections to Frankfurt Airport, which is about 20 km away, it offers tenants’ fast routes to major industrial sites. It is also well located between Germany, France and the Benelux countries.
“We have been able to acquire contemporary and ultra-modern logistics assets in a strategic and extremely favourable location,” says Marius Schöner, Head of Germany at CBRE Global Investors. “This investment adds to our logistics portfolio in Germany which consists of 30 assets with around 750,000 sqm of GLA and a total value of more than EUR 1 billion.”
Felix Zilling, Managing Director of DLH, comments: “In CBRE Global Investors, we have found an outstanding investor and manager for this logistics property, to whom we can transfer the Trebur logistics park in good conscience.” Christoph Telker, also Managing Director of DLH, adds: “The ambitious transaction process could only be adhered to due to an ongoing and very constructive cooperation with the buyer.”
CBRE acted as broker in the transaction. DLH was legally advised by Hogan Lovells and CBRE GIobal Investors by BLCP.
– ENDS –
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.2 billion in assets under management* as of September 30, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.
About Deutsche Logistik Holding
DLH plans and develops a broad range of flexible storage, industrial and production properties in strategic locations. DLH is a subsidiary of the real estate unit of the Zech Group, which specializes in planning and development of logistics and industrial real estate. Further information: www.dlh-realestate.com
Zech Group
The Zech Group is the strategic management holding company for three business units with separate management operating companies. The high-performance operating companies are active in the building, real estate and hotel sectors. The diversified group of companies with over 8,000 employees thus focuses on the real estate value chain.
Media contact:
Deutsche Logistik Holding GmbH & Co. KG
c/o Zech Group SE
Holger Römer
Head of Corporate Communications
Tel.: +49 421 / 41007-113
E-Mail: [email protected]