Commerz Real expands logistic investments (DE)

Commerz Real just acquired a logistics property that is about to be raised in immediate proximity of the Frankfurt International Airport. An exclusive lease for the property with a fixed term of at least ten years has been signed with DHL Express Germany GmbH. The company is the world's market leader in the international express shipping business. Following its completion in 2009, the property will be added to Commerz Real's EURO LOGISTIK 1 institutional fund. The total investment volume equals roughly €16 million. The property was sold by the developer Harder & Partner.

"The property is characterised by an outstanding quality of location. With the continued expansion of the air cargo business, demand for well-developed logistics floor space in immediate vicinity of the airport is bound to rise in the coming years," thus the expectation of Hans-Joachim K

Related News