CBRE Investment Management Acquires Two Logistics Properties in Germany

The logistics properties were completed in 2023. They have a total of 29,000 sq m of rental space and meet numerous sustainability criteria

CBRE Investment Management, a leading global real asset investment management firm, has acquired two logistics properties in Gladbeck and Cologne from ALCARO Invest GmbH. ALCARO is a wholly owned subsidiary of OSMAB Holding AG, an investor, project developer, asset manager and portfolio holder operating throughout Germany with a focus on office and logistics properties. The two logistics properties Log Plaza Colonia 2 and Log Plaza Gladbeck 1 have a total lettable area of 29,000 sq m.

The two logistics properties are fully let on long-term leases. In Cologne, a tenant active in the e-commerce sector committed to the property and in Gladbeck, the property is leased on a long-term basis to a manufacturing company. Both logistics properties were completed in the summer and autumn of last year, respectively.

Sebastian Ehrhardt, Country Manager Germany and Head of Transactions DACH at CBRE Investment Management, said: "The distribution centres in Cologne and Gladbeck are located in established logistics hotspots with excellent infrastructure in sub-markets that are important to us. In addition, the logistics sector is currently offering most attractive investment opportunities in the German market, along with residential. We therefore believe that we have made an excellent choice at this point in time with these two fully let properties."

"We are pleased that we are attracting great interest in the market with our modern and sustainable logistics space under our 'Log Plaza' brand. This proves that it is worthwhile to realize these sought-after buildings speculatively" added OSMAB CEO Anton Mertens.

The Log Plaza Gladbeck 1 property compromises around 16,000 sq m of logistics space and is located in the commercial area of Gladbeck, which is conveniently located on the A2 and A31 motorways and is also easily accessible by public transport. The Log Plaza Gladbeck 1 meets a variety of sustainability criteria. These include high quality building insulation and energy-efficient lighting as well as air conditioning. The roof is equipped with a large-scale photovoltaic system with a total output of approximately 2 MWp. The asset also features several e-charging stations and extensive greenery.

The logistics property Log Plaza Colonia 2 is located in an industrial park in the district of Cologne-Poll. The total lettable area amounts to around 13,000 sq m. The roof is also equipped with a photovoltaic system with a nominal output of 1.54 MWp. Nearby are the A4 and A559 motorways. There is also a very good public transport connection. In addition, the Cologne's asset’s logistics areas meets contemporary, sustainability criteria in accordance with the "Log Plaza" standards of OSMAB and ALCARO.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $144.0 billion in assets under management* as of March 31, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management 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 assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

Company Contact
OSMAB Holding AGAbble Communications
Leibnizpark 4, 51503 Rösrath
+49 (0)2205.9494-155
[email protected]

Press
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Susanne Schneider
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About ALCARO Invest GmbH:
For more than ten years, ALCARO Invest has been a nationwide active, owner-managed specialist for the development, operation and leasing of logistics and commercial properties. In recent years, ALCARO Invest has realised logistics and commercial properties with a total lettable area of more than half a million square metres under the 'Log Plaza' brand, which is geared towards high sustainability standards. The development pipeline currently comprises around 160,000 square metres of rental space. ALCARO Invest pursues a long-term, partnership-based and regionally oriented development and management strategy, and is a wholly owned subsidiary of the OSMAB Group from Rösrath near Cologne. www.alcaro.de

About OSMAB Holding AG:
OSMAB Holding AG (Rösrath) is an investor, project developer, asset manager and portfolio holder operating throughout Germany with a focus on office and logistics properties. Other business areas include the development of building land, investment in renewable energies and active facility management of the company's own real estate portfolio. The medium-sized group of companies, which has been active in the real estate sector since 1992, employs an interdisciplinary team of around 75 people. Its success is based on the reliable and stable partnerships that it has built up and expanded over years and decades with tenants, those involved in construction, municipalities and brokers. As part of its sustainability strategy, OSMAB continues to develop disused brownfield sites, revitalizes existing properties, generates solar power on the roofs of its properties and supports a variety of social projects. OSMAB Holding AG currently operates 33 solar plants with a total capacity of 16.75 megawatt peak, making it one of the relevant producers of renewable energies, especially in the Cologne region. www.osmab.de