J.P. Morgan and Cromwell buy Hamburg logistics property (DE)

J.P. Morgan and Cromwell buy Hamburg logistics property (DE)

Panattoni has sold its fully-leased logistics park in Hamburg to the joint venture between J.P. Morgan Asset Management and Cromwell Property Group.

 

Strategically located to the north of Hamburg in one of the strongest economic regions in the country, the park consists of five halls plus externally leased parking spaces totalling 80,163m² with ‘Gold certification’ from the German Sustainable Building Council (DGNB) in recognition of its sustainable, energy-efficient design.

 

The logistics park that has been completed in Q4 2022 is located on a 157,900m² site and comprises ca. 70,000m² of prime logistics space, with a maximum floor-bearing capacity of five tonnes/sqm and a clear internal hall height of 10 metres. The asset is leased to a range of e-commerce tenants with long-term commitments.  

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