Clarion Gramercy has acquired a 20,000m² logistics property in Großbeeren, south of Berlin on behalf of a co-mingled fund. The modern, institutional quality warehouse is leased to Lekkerland AG & Co, a national wholesaler for convenience stores, serving as its key Berlin and Brandenburg distribution centre. Großbeeren is a significant logistics hub benefiting from excellent transport infrastructure. Located 5km south of the Berlin city boundary, it is in close proximity to both the A10 Berlin ring motorway and the B101, leading directly to Berlin. Nearby occupiers include Rhenus, DHL and Kuehne + Nagel.
Rory Buck, Senior Director of Clarion Gramercy, commented: “Despite strong investor appetite for European logistics, a combination of our track record and local market expertise is helping us continue to acquire good quality properties, which have strong rental growth prospects. Passing €760m of acquisition activity since the beginning of 2018, without compromising on our strict investment criteria, is a considerable achievement and with a talented team of originators in place and access to capital we hope to continue deploying funds at the same pace over the coming months.”