AXA IM Alts has acquired on behalf of clients a newly developed, institutional quality c. 63,000m2 logistics campus located in Mockmuhl, close to Heilbronn in Baden-Wurttemberg, Southern Germany, from ECE Work & Live.
Completed in 2023, the logistics centre comprises high-quality warehousing and office space across two buildings and is fully let to a global transport and logistics business.
The property is located between two of the most important cities in Germany, with Stuttgart as the centre of the German car manufacturing industry in the South, and Frankfurt as a European financial hub in the North. Within the established GVZ Habichtshöfe business park, it benefits from regional and national transport links via the nearby A81 motorway, with both Stuttgart and Würzburg cities accessible by car in around 45 minutes.
In line with AXA IM Alts’ commitment to acquire, develop and manage sustainable real estate assets with ESG credentials, the scheme is DGNB Gold certified and EPC A+ accredited, with features including an electric heat pump system and rooftop PV.
Philippe Grasser, Head of European Transactions at AXA IM Alts, commented: “The Greater Stuttgart area is one of Germany’s leading manufacturing hubs, driving demand from a range of industrial and logistics businesses for high-quality warehousing in established micro-locations which benefit from strong local and national transport links. This was a rare opportunity to acquire a newly developed asset with market-leading ESG credentials, offering an attractive mix of day-one index-linked income and longer-term reversionary potential, in the Stuttgart logistics market, a region characterised by a muted development pipeline. It strengthens our presence in one of Europe’s top-performing logistics markets.”
Image source - AXA IM Alts.
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