Elite Partners Capital acquires logistic centre in Germany
Victor Song, co-founder and chief executive officer of Elite Partners Capital, says that the securing interest rates presents a tactical window of opportunity for financiers to return to the market.
In a June 27 press release, the company states that the site was obtained by means of the business’s forerunner Elite Logistics Fund II. The Pan-European logistics budget is backed by a sovereign wealth fund, together with a network of family group office spaces throughout Asia.
The industrialized zone is offered by numerous transportation alternatives, including direct connections to various freeways, access to the Port of Karlsruhe– a significant inland port around the Rhine river, in addition to proximity to key global airport terminals in Frankfurt and Stuttgart.
Elite Partners Capital intends to improve the centre’s environmental, social and governance (ESG) specifications, and anticipates to attain the DGNB Gold Certification– the accreditation awarded by Germany’s eco friendly structure council.
The area extends around 1.94 million sq ft. Greater than 85% of the real estate’s net lettable space is presently tenanted to an auto giant on a long contract, acting as their worldwide logistics centre.
The asset was marketed by a mutual investing in between global alternative investment organization firm TPG Angelo Gordon and Germany-based financial investment and property management business aam2core Holding. The purchase was agented by CBRE’s capital markets group in Germany.
Elite Partners Capital, a Singapore-based alternative financial investment management company, has acquired an international logistics centre located inside Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics place is close to Stuttgart, the automobile capital of Germany.