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» Chronological View: " Logistic " «

Verdion breaks ground on speculative €60m Hanover development

Verdion has commenced the speculative development of the remaining space at its ExpoPark site in Hanover, northern Germany. Verdion ExpoPark Hanover will bring 46,706 sq m (502,743 sq ft) of Grade A distribution, mezzanine and office space to the south-eastern edge of the city centre, with completion planned for early summer ...
Friday, 10. July 2020

AEW acquires Wakefield site from Caddick Developments

AEW and Allianz Real Estate, acting on behalf of several Allianz group companies, today announce they have completed the acquisition of Wakefield 515, West Yorkshire, a 515,000 sq ft logistics facility in Yorkshire’s premier distribution hub, from Caddick Development Group.
Friday, 10. July 2020

Open-ended property funds defy coronavirus crisis

Open-ended mutual property funds are holding their own in the coronavirus crisis. As current Bundesbank figures show, funds reported positive net inflows during the coronavirus crisis as well. Even in April, the month with the strictest shutdown regulations in Germany, funds generated net inflows of around €300 million. In Ma...
Thursday, 9. July 2020

Union Investment acquires logistics project in the Nuremberg region

The first step has been taken: the economic transfer (closing) of a site comprising around 150,000 m² in Buchschwabach-Roßtal in the Fürth district close to Nuremberg has been completed. 81,200 m² of logistics space will be constructed by March 2021. “The Nuremberg region is highly attractive for logistics and light industry ...
Thursday, 9. July 2020

Logistics Capital Partners breaks ground with its first warehouse in Belgium

After previous developments in Italy and the Netherlands for Amazon, Primark and Kering Group (Gucci, Yves-Saint-Laurent), Logistics Capital Partners (LCP) is now establishing a foothold in Belgium with a first logistics building under construction and a first resident: Medi-Market.
Thursday, 9. July 2020

Stenprop acquires four warehouse units totalling 43,500 sq ft

Stenprop has acquired a further 43,500 sq ft (c. 4,041 m²) of MLI property across four adjoining warehouse units in Stretton Business Park, in Burton upon Trent, Staffordshire. The £3.75 million acquisition reflects a net initial yield of 6.9% and a capital value of £86 per sq ft. The acquisition marks a further step forward ...
Tuesday, 7. July 2020

AEW pre-lets 20,000 sqm logistics unit at Green Mountains Logistics Park

AEW has pre-let a 20,000 sqm logistics unit in The Netherlands on behalf of Logistis, its specialist pan-European logistics strategy. Currently under construction, the property at Green Mountains Logistics Park on the outskirts of Amsterdam, has been let to VCK Logistics on a long term lease.
Tuesday, 7. July 2020

Urban logistics continues to be the star performer in Europe

Despite Covid-19, investors have continued to pile into European urban logistics, spending €3.7bn between January and May 2020, a growth of 7% year on year (yoy), according to RCA data analysed by Savills. During the same period, the proportion of cross-border investment has increased from 57% to 65% yoy, despite travel restr...
Tuesday, 7. July 2020

Fortwell Capital powers development of Tungsten Properties with £23 million loan

Fortwell Capital has provided Tungsten Properties, one of the country’s leading mid-box industrial and warehouse developers, with £23 million of funding, enabling the development of a 290,000 sq ft, seven-unit industrial scheme in Witney, Oxfordshire of which two units, accounting for 147,000 sq ft, are pre-let.
Tuesday, 7. July 2020

Mega Deal: LIP Invest acquires ICO Mainsite logistics centre

LIP Invest has just acquired the newly completed ICO Mainsite logistics centre in the Bavarian town Elsenfeld near Obernburg for its open Real Estate Special AIF “LIP Real Estate Investment Fund – Logistics Germany II” launched in 2019. With an investment volume of around €100m, this off-market deal is one of the three bigges...
Thursday, 2. July 2020

Arrow acquires logistics asset in Warsaw from M7

Arrow Capital Partners has acquired the prime urban logistics asset, Airport House, in Warsaw, for its $3 billion European Strategic Industrial Real Estate (“SIRE”) platform. The asset has been sold by M7 Real Estate on behalf of PVBRI.
Wednesday, 1. July 2020

Q1 2020 sees prime industrial and shopping centre yields converge for first time ever

According to Savills, the average spread between prime industrial and prime shopping centre yields across mainland Europe has converged for the first time in our historic series as demand for logistics and soars as a result of increased levels in e-commerce.
Monday, 29. June 2020

Union Investment acquires planned logistics facility in Almere

Union Investment has acquired a logistics project in Almere from construction company Aan de Stegge Twello. A total of 34,000 sq m of rental space will be built on the 52,200 sq m site in Stichtsekant business park by April 2021. The acquisition will be added to the holdings of open-ended real estate fund Unilmmo: Europa. Th...
Friday, 26. June 2020

Catella invests to develop logistic property in Norrköping

Catella invests SEK 500m to develop a logistic property in the municipality of Norrköping together with the former owners of Royal Design. The transaction is conditional on the granting of building permits. “The deal is to be seen in the perspective that Catella intends to create fund products within logistics properties. We ...
Thursday, 25. June 2020