Luxembourg-based Alpha Industrial Holding SA has agreed to sell the largest part of its logistics and light industrial property holdings with 600,000 m² of total space across Germany and Austria to an Asian investor. The sale will take effect as of 30 June 2018.
Around 30% of the portfolio was bought and developed together with a British opportunistic investor partner. Apart from the properties sold, the project development and asset management unit Alpha Industrial GmbH & Co KG will also be transferred to the buyer.
The company plans to build up a multi-family office with a focus on property investment in the future. In this framework, the new multi-family office will accompany holdings and project developments with other investors and provide capital for these ventures. The firm will also invest in residential property. It has already acquired a 2-ha. plot in Frankfurt’s inner city on which it will develop a number of flats.
