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Logistic

Panattoni and Mercedes celebrate breaking ground for new ICC Logistics Centre

With the initial ground breaking, the construction of the new Mercedes-Benz AG International Consolidation Center (ICC) in Bischweier (District of Rastatt) officially started on 25 April. This special event was celebrated by the project developer, Panattoni Germany and Mercedes-Benz along with numerous attendees and honoured ...
Friday, 26. April 2024

S Immo acquires logistics portfolio from CPI

S Immo signed a contract for the acquisition of a portfolio totalling eight properties from Czech Property Investments, a.s. in the Czech Republic. The purchase comprises four office properties and four commercial properties with a total leasable area of around 136,000 m², a property value of around €463m and annual rental in...
Thursday, 25. April 2024

VGP and Areim complete first closing in Saga joint venture

VGP NV and Areim Pan-European Logistics Fund (D) AB signed the first seed closing between VGP and their 50:50 joint venture, Saga. The transaction comprises 17 logistics buildings in 10 VGP Parks. The 17 buildings are located in Germany (6 parks, 8 buildings), the Czech Republic (3 parks, 5 buildings) and Slovakia (1 park, 4 ...
Thursday, 25. April 2024

Investec provides Hines with financing for West Midlands industrial portfolio

Investec Real Estate has provided Hines’ European Value Fund 2 (HEVF2) with financing to complete the acquisition of four multi-let industrial estates in the West Midlands. Acquired from LondonMetric Property, the portfolio comprises 47 units, which are a mix of light industrial, trade and mid-box warehouses, totalling 434,00...
Thursday, 25. April 2024

iLogistic expands premises in CTPark Budapest West

In the first quarter of 2024, CTP signed a lease contract with logistics provider iLogistic for an additional 2,000 square metres. The company will thus occupy a total of 13,000 m2 of space in the ever-evolving BIA3 Building of CTPark Budapest West. Here, it will not only benefit from flexible services but also have the oppor...
Thursday, 25. April 2024

Sandyford lets three units in Deeside Industrial Park to Astra

Sandyford Properties has let three vacant units at Deeside Industrial Park, near Chester, just six months after buying them. The properties, totalling 70,000 sq ft, are located on a four-acre site at 80-82 First Avenue and were acquired in September 2023 from the former owner of DRB Group.
Wednesday, 24. April 2024

European commercial real estate investment activity remained muted

European commercial real estate markets remained sluggish in the first quarter of 2024 as hopes for aggressive interest rate cuts faded and investors stayed on the sidelines. Even so, a steady flow of smaller deals and even some large-scale transactions pointed to healthy residual appetite, according to the latest Capital Mar...
Wednesday, 24. April 2024

CTP appoints Alexander Hund as new managing director for Germany

CTP has appointed Alexander Hund as Managing Director of CTP Germany. He will head up the company's rapidly growing business in the country. CTP will invest €1 billion in Germany over the next few years. He will lead the management team together with CFO Alen Stosic, and Timo Hielscher, Managing Director for Germany responsib...
Tuesday, 23. April 2024

E-scooter rental moves to Krefeld Green Business Park

An e-scooter manufacturer is opening a long-term branch in Krefeld. On advice of Realogis the specialist for innovative means of transportation in the field of electromobility has signed a lease for 725 sqm of warehouse and office space in the „Green Business Park“ at Odilia-von-Goch-Straße 16. Due to the latest contract the ...
Tuesday, 23. April 2024

VGP and Deka complete second closing in 50:50 „RED“ JV

VGP NV and Deka Immobilien announced the signing of the second closing between VGP and their 50:50 joint venture, RED (The 'Fifth Joint Venture'). The transaction comprises two logistics buildings and a multi-storey car park which were developed in parks that have already transferred to the joint venture in the first closing....
Tuesday, 23. April 2024