Heitman, a global real estate investment management firm today announced the acquisition of five-buildings within a logistics park in Worms, Germany on behalf of MEAG’s European Logistics Fund. The buildings within the park are fully occupied under a long term lease to Trans Service Team, which will continue to occupy 50,043 m² in the park.
Commented Gordon Black, Senior Managing Director for Heitman: “This acquisition is consistent with our German logistics aggregation strategy, which focuses on superior asset quality, location and tenancy. Worms is an established in-fill location for logistics and this park in particular benefits from the long-term lease commitment of Worms-based Trans Service Team.”
Heitman has implemented various investment strategies across nine different European countries in the logistics sector since 1998, including development and forward commitments. Over the last 15 months on behalf of this fund, Heitman has aggregated a French and German portfolio consisting of 10 logistics properties in high infill locations. The portfolio comprises over 165,000 m² and is 100% leased.