Redevco has announced the expansion of its logistics platform to 11.9 million ft² and approximately €1bn (c. £860m) assets under management (AuM) across 32 assets.
The portfolio consists of three truck service facilities in Frechen, Hirschberg and Langenhagen, and a full-serviced truck stop in Malsfeld.
Fully occupied and located close to major German cities and infrastructure networks, the assets provide 87,000m² (approx. 936,500ft²) of gross lettable area and offer exposure to transport-led real estate in key logistics corridors.
The Frechen asset, west of Cologne, is located close to the A4 and A1 motorways and serves one of Germany’s most important logistics regions.
Hirschberg benefits from direct access to the A5 corridor east of Mannheim, linking the Frankfurt Rhine-Main region with southern Germany.
The Langenhagen facility is situated north of Hanover, close to the airport and with fast access to the A352, A2 and A7.
With these acquisitions, Redevco continues to grow a high-quality, pan-European logistics platform centred on core markets and supported by the structural growth in urban logistics and transport-led real estate.
Redevco’s Industrial Outdoor Storage (IOS) footprint now stands at 6.4 million ft² and €225m (c. £192m) AuM across 17 assets.
CBRE consulted on the transaction. Osborne Clarke, Nova Ambiente, Goldbeck Services and Colliers were mandated by Redevco.
Redevco head of transaction management logistics DACH Camila Malzkorn said: “This acquisition is exactly the kind of opportunity we are targeting as we scale Redevco’s IOS logistics platform: well-located, transport-critical assets with strong occupier fundamentals and clear asset management potential.
“Germany is one of Europe’s most important logistics markets, and this portfolio gives us exposure to locations intricately connected to major freight, automotive and distribution networks.”
