Catella Real Estate AG (CREAG) is acquiring a logistics real estate portfolio consisting of three cross-dock logistics halls in Nuremberg, Mainz and Iserlohn from a DWS real estate fund for the special fund "Catella Logistik Deutschland Plus" (CLD+). The three buildings from 2016 have a total rentable area of 15,163m² as well as parking spaces for trucks, vans and cars. The sole tenant is Deutsche Post, which uses the properties as last-mile cross-dock sorting and delivery bases.
The three cross-dock logistics halls in Nuremberg, Mainz and Iserlohn are almost identical existing buildings from 2016. The total plot size of all properties is around 53,000m². The three buildings have a total rentable area of 15,163m² as well as 10-truck, 150-van and 96-car parking spaces The logistics area accounts for around 90% of the rental space, and the remaining 10% is used as office space. The buildings have a hall height of 7m and a floor load capacity of 20 kN/m².
The properties are 100% rented to Deutsche Post. The rental agreements are triple-net contracts with "roof and roof", so all necessary maintenance measures are taken over by the tenant. Deutsche Post uses the properties as last-mile cross-dock sorting and delivery bases, from which Nuremberg, Mainz and Iserlohn and their surroundings are supplied.
Catella Real Estate AG received legal and tax advice from DLA Piper UK LLP and technical advice from x.project AG on the purchase. With regard to the ESG requirements, x.project AG also carried out an ESG assessment. BNP Paribas Real Estate brokered the transaction.
"Catella was able to successfully secure three more attractive properties for the special fund "Catella Logistik Deutschland Plus", thereby further increasing both regional and sectoral diversification," explained a delighted Bernhard Pfeiler, Senior Investment Manager at CREAG. "With the tenant Deutsche Post, we have a strong partner at our side who, like us, sets high sustainability standards and is continuously developing. With its “Mission 2050”, DHL is striving to achieve climate neutrality through the use of electric vehicles, the reduction of CO2 emissions and ESG investments.”
Image source - Catella.
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