Palmira Capital Partners, acting for the Unternehmensimmobilien Club 1 (UIC1) fund, has acquired an almost fully-let 29,000m² commercial and technology park in Alzenau, Bavaria. The vendor is ROSOLA Grundstucks-Vermietungsges. mbH & Co. Objekt Alzenau KG. The parties have agreed to keep the sale price confidential.
Located on 76,000m² site in Alzenau, which enjoys close proximity to Frankfurt am Main and Aschaffenburg, the scheme offers high-quality warehouse and office space and is let to four international technology groups with excellent covenants (Heraeus, Bruker, Trane, Hyundai Motorsport) and the Stadtwerke Mainz.
UIC 1 invests in German corporate property in the "Core" risk class. It was established in 2016 for a twelve-year term. The investors are German and Austrian insurance companies, investment companies, pension funds and a savings bank.