Elite Partners Capital acquires logistic centre in Germany

The industrial area is served by lots of commuter choices, including direct connections to numerous motorways, accessibility to the Port of Karlsruhe– a significant inland port along the Rhine river, as well as distance to key worldwide airport terminals in Frankfurt and Stuttgart.

Victor Song, co-founder and chief executive officer of Elite Partners Capital, states that the stabilising interest rates provides a tactical window of possibility for financiers to re-enter the market.

Elite Partners Capital prepares to improve the center’s environmental, social and governance (ESG) specs, and expects to attain the DGNB Gold Qualification– the certification granted by Germany’s sustainable building committee.

Kassia Condo floor plan

The location extends approximately 1.94 million sq ft. Greater than 85% of the commercial property’s net lettable area is currently dweller to an automotive giant on a prolonged lease, acting as their worldwide logistics center.

Elite Partners Capital, a Singapore-based alternative investment management firm, has actually gotten a global logistics facility situated within Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics area is close to Stuttgart, the automobile capital of Germany.

The investment was marketed by a shared project in between international alternative investment organization company TPG Angelo Gordon and Germany-based financial investment and property management business aam2core Holding. The deal was agented by CBRE’s capital markets team in Germany.

In a June 27 news release, the firm claims that the place was obtained by the company’s forerunner Elite Logistics Fund II. The Pan-European logistics budget is supported by a sovereign wealth fund, alongside a connection of family group offices throughout Asia.

error: Content is protected !!