CBRE Global Investors acquires industrial estate in Germany (DE)

A fund managed by CBRE Global Investors has acquired The Delta Forum Business Park, Ginsheim-Gustavsburg, Hesse for €16 million in an off market deal. The vendor was Hansteen.
The 20,256 m² industrial estate is located in Ginsheim-Gustavsburg, which is a well-established industrial location, 24 km from Frankfurt Airport and well connected by road, rail and waterways. Ginsheim-Gustavsburg is within one of the big 5 logistic and industrial clusters in Germany.
Delta Forum was built between 1997 and 1998 and is split into two sections, comprising 15 units and 165 car parking spaces. The property has 12 tenants, the largest being Rhenus (5,559 m²). MBS Medical Business Solutions, Inergy Automotive Systems and Indat Robotics are the next three largest tenants.
“The tenant mix is both stable and diversified and with the property being almost fully leased, we have acquired a low risk asset within one of the most liquid investment markets in Europe” commented Richard Everett, fund manager, CBRE Global Investors.
Source: CBRE Global Investors

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