Elite Partners Capital acquires logistic centre in Germany

Victor Song, co-founder and CEO of Elite Partners Capital, says that the securing interest rates offers a strategic window of opportunity for capitalists to return to the market.

Elite Partners Capital, a Singapore-based different venture management firm, has acquired an international logistics hub located inside Ettlingen West’s Industrial Zone, Germany. The large-scale multi-user logistics place is close to Stuttgart, the automobile capital of Germany.

In a June 27 press release, the firm states that the area was obtained by means of the business’s forerunner Elite Logistics Fund II. The Pan-European logistics fund is supported by a sovereign wealth fund, along with a network of family office spaces throughout Asia.

Elite Partners Capital intends to boost the facility’s environmental, social and governance (ESG) requirements, and expects to achieve the DGNB Gold Accreditation– the certification granted by Germany’s eco friendly structure council.

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The location spans approximately 1.94 million sq ft. Greater than 85% of the property’s final lettable space is presently occupier to an auto titan on a long lease, serving as their worldwide logistics centre.

The asset was marketed by a mutual project between global alternative investment management firm TPG Angelo Gordon and Germany-based financial investment and property management company aam2core Holding. The transaction was brokered by CBRE’s capital markets team in Germany.

The industrial region is served by numerous travel choices, offering direct connections to various freeways, connectivity to the Port of Karlsruhe– a significant inland port along the Rhine waterway, in addition to proximity to major global flight terminals in Frankfurt and Stuttgart.

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