Acquisition of Two Highly Sustainable Logistics Assets in Prime Locations in Germany For €290.0m

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Key facts

Location: Wunstorf, Germany
Investment pillar: Foundation Asset
Acquisition price:  €27.5 million
Net initial yield: 4.9%
GIA:  16,423 sqm
Eaves height: 12.2 metres
Lease expiry: 16 years
Acquisition date: November 2018

Further information

  • Established urban logistic location, 20km from the centre of Hannover.
  • Forward funding of a new cold store facility to complete in December 2019.
  • Let to Havi Logistics with security from the parent company.
  • Well-specified, with only 25% site cover and opportunity to extend the building by c.10,000 sqm.

For related information see Our Properties and Portfolio Summary