BNP Paribas REIM has acquired Baden-Airpark, a State of the Art logistics complex located on the airport area of Baden-Baden, near the Franco-German border. The asset features ca. 45,000m² of two newly constructed grade A warehouses and is fully let to three leading logistics companies. The building has been developed by Greenfield Development, a project developer and investor of quality industrial and logistics parks. The purchase price was not disclosed.
BNP Paribas REIM acquired the asset on behalf of its ELF fund (Eurozone Logistics Fund), managed by BNP Paribas REIM Luxembourg. Baden-Airpark is the second acquisition for ELF after the first closing of a brand-new Logistics warehouse in the Netherlands. Furthermore, BNP Paribas REIM has already secured its third asset of its ELF Fund, a logistics complex located near Leipzig airport which will be delivered in the first quarter of 2019.
"The acquisition of Baden-Airpark perfectly reflects the strategy of the European Logistics Fund to acquire modern class A logistic warehouses in Core locations of the Eurozone, including last mile logistics assets,” commented Lucas Despretz, fund Advisor of the ELF fund.
