Elite Partners Capital acquires logistic centre in Germany
In a June 27 press release, the company claims that the place was gotten by the company’s main Elite Logistics Fund II. The Pan-European logistics budget is supported by a sovereign wealth fund, along with an affiliate of family group workplaces across Asia.
Elite Partners Capital, a Singapore-based different financial investment management business, has obtained a global logistics centre located inside Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics park is close to Stuttgart, the automotive capital of Germany.
The industrial zone is served by lots of travel choices, including straight links to various motorways, access to the Port of Karlsruhe– a major inland port around the Rhine waterway, as well as closeness to primary global flight terminals in Frankfurt and Stuttgart.
Elite Partners Capital plans to enhance the centre’s environmental, social and governance (ESG) requirements, and expects to obtain the DGNB Gold Accreditation– the qualification granted by Germany’s renewable structure council.
Victor Song, co-founder and CEO of Elite Partners Capital, states that the stabilising interest rates offers a tactical window of opportunity for investors to re-enter the market.
The asset was sold by a shared project in between worldwide alternative investment organization corporation TPG Angelo Gordon and Germany-based financial investment and asset management business aam2core Holding. The deal was brokered by CBRE’s capital markets team in Germany.
The site extends about 1.94 million sq ft. Greater than 85% of the property’s net lettable space is currently tenanted to a vehicle titan on a prolonged lease, working as their worldwide logistics facility.
