CBRE Global Investors acquires Trebur Logistics Park in Germany from DLH
CBRE Global Investors, on behalf of its CBRE European Industrial Fund (EIF), has acquired a logistics site of circa 177,400 sq m in Trebur, Germany. The seller is Deutsche Logistik Holding.
The Trebur logistics park has approximately 100,000 sq m of warehouse and logistics space and room for light manufacturing. A total of fourteen units are spread over three buildings. The anchor tenants are the Nagel Group, which operates a refrigerated warehouse for fresh produce over an area of 47,000 sqm, and the logistics service provider RWL with 39,000 sqm. Other tenants include FLC Flowcasting, RollsRein and Kolbeck Hightech-Logistik. The park is fully let.
The logistics park was built between 2017 and 2019 on a former production site. Due to its first-class location in the city triangle of Frankfurt, Darmstadt, Mainz/Wiesbaden and its very good connections to Frankfurt Airport, which is about 20 km away, it offers tenants fast routes to major industrial sites. It is also well located between Germany, France and the Benelux countries.
"We have been able to acquire contemporary and ultra-modern logistics assets in a strategic and extremely favourable location," says Marius Schöner, Head of Germany at CBRE Global Investors. “This investment adds to our logistics portfolio in Germany which consists of 30 assets with around 750,000 sqm of GLA and a total value of more than EUR1 billion.”
Felix Zilling, Managing Director of DLH, says: "In CBRE Global Investors, we have found an outstanding investor and manager for this logistics property, to whom we can transfer the Trebur logistics park in good conscience."
Christoph Telker, also Managing Director of DLH, adds: "The ambitious transaction process could only be adhered to due to an ongoing and very constructive cooperation with the buyer.”
CBRE acted as broker in the transaction. DLH was legally advised by Hogan Lovells and CBRE GIobal Investors by BLCP.