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

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Key facts

Location: Hammersbach, Frankfurt, Germany
Investment pillar: Growth Covenant Asset
Acquisition price: €50.6 million
Net initial yield: 4.75%
GIA: 43,000 sqm
Eaves height: 12.0m
Lease expiry: 10 years lease term with breaks after years 5 and 6
Acquisition date: June 2019

Further information

  • This is a brand new, purpose-built facility, entirely let to ID Logistics on a new 10-year lease term, with breaks after years 5 and 6. The lease is subject to annual upward only indexation of 100% of German CPI, after year 3 of the lease start.
  • ID Logistics will be servicing a financially robust world leading retailer from this facility.
  • This Big Box is situated in the prime logistics location at Hammersbach, near Frankfurt, which benefits from exceptional logistics links and has high occupier demand, a low vacancy rate and limited availability both of logistics buildings and land for development.

For related information see Our Properties and Portfolio Summary