Elite Partners Capital acquires logistic centre in Germany
Victor Song, co-founder and CEO of Elite Partners Capital, states that the securing interest rates offers a calculated window of possibility for investors to come back the market.
In a June 27 press release, the firm says that the site was acquired by means of the business’s main Elite Logistics Fund II. The Pan-European logistics budget is sustained by a sovereign assets fund, along with a network of family office spaces across Asia.
Elite Partners Capital, a Singapore-based alternative venture management company, has acquired a global logistics centre located inside of Ettlingen West’s Industrial Zone, Germany. The large-scale multi-user logistics area is near to Stuttgart, the auto capital of Germany.
The investment was offered by a mutual project between global alternative financial investment management firm TPG Angelo Gordon and Germany-based financial investment and asset management firm aam2core Holding. The deal was brokered by CBRE’s capital markets team in Germany.
Elite Partners Capital prepares to enhance the center’s environmental, social and governance (ESG) specs, and anticipates to acquire the DGNB Gold Accreditation– the qualification granted by Germany’s sustainable structure committee.
The industrial area is offered by many travel options, offering straight links to various motorways, easy access to the Port of Karlsruhe– a primary inland port around the Rhine river, as well as proximity to major worldwide airport terminals in Frankfurt and Stuttgart.
The location covers approximately 1.94 million sq ft. More than 85% of the real estate’s net lettable area is presently renter to an auto giant on a lengthy contract, serving as their international logistics centre.
