Elite Partners Capital acquires logistic centre in Germany
The industrialized zone is served by numerous transportation options, providing direct connections to different freeways, easy access to the Port of Karlsruhe– a major inland port around the Rhine river, as well as closeness to primary global airports in Frankfurt and Stuttgart.
Elite Partners Capital plans to boost the center’s environmental, social and governance (ESG) specifications, and anticipates to acquire the DGNB Gold Certification– the accreditation granted by Germany’s renewable building committee.
The investment was marketed by a mutual investing in between international alternative investment organization corporation TPG Angelo Gordon and Germany-based financial investment and asset management company aam2core Holding. The transaction was brokered by CBRE’s capital markets group in Germany.
Elite Partners Capital, a Singapore-based different venture management company, has actually gotten a global logistics facility situated within Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics place is close to Stuttgart, the automotive capital of Germany.
The area covers about 1.94 million sq ft. Greater than 85% of the commercial property’s net lettable area is currently occupier to an auto titan on a lengthy lease, serving as their global logistics center.
Victor Song, co-founder and CEO of Elite Partners Capital, states that the securing interest rates provides a tactical window of opportunity for investors to re-enter the marketplace.
In a June 27 press release, the firm says that the area was gotten by the firm’s main Elite Logistics Fund II. The Pan-European logistics budget is backed by a sovereign wealth fund, alongside a network of family group offices across Asia.
