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

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Key facts

Location: Nuremberg, Bavaria Germany
Investment pillar: Foundation Asset
GIA: 70,000 sqm
Acquisition date: March 2021


Further information

  • This new, highly specified, and sustainable logistics asset is the European distribution headquarters of a leading German sportswear manufacturer.
  • Following a four-year indexation holiday from the start of the lease, the lease will benefit from indexation to 100% of the German CPI index.
  • Strategically located in central southern Germany, this facility is situated close to the tenant’s headquarters near Nuremberg on the A3 motorway towards Frankfurt.
  • Situated on a 20-hectare site, with extension potential for an additional 42,000 sqm of floorspace, the property has been developed to the highest sustainability standards. It is CO2 neutral and is built to LEED Gold standard, benefiting from certified green energy procurement, has a roof mounted photovoltaic system generating up to 1.5 megawatts of electricity.

For related information see Our Properties and Portfolio Summary