Ofi Invest Real Estate has acquired a core logistics property known as ‘Central One’ in Neuss, a city located west of Düsseldorf. The asset was sold by Oxenwood Real Estate, a UK and European real estate investment management firm. The sale price has not been disclosed.
Completed in 2022, the property offers modern Grade A specifications across approximately 12,000m2 of lettable space and holds a DGNB level Gold certificate. It is fully leased to a leading food retailer on a long-term basis, serving as a strategic hub for online grocery distribution in the wider Düsseldorf area. This setup ensures efficient delivery to end users and supports last-mile logistics operations. Additionally, the property has good growth potential in terms of rent, thanks to its high-quality spaces and excellent location.
This investment is strategically significant for Ofi Invest Real Estate, as the Düsseldorf area is one of the most established logistics markets in Germany. Located in Neuss, the property benefits from excellent public transportation connections and a dense motorway network, allowing access to one of the largest consumer markets in Europe, with 20.4 million inhabitants within a 90-minute drive.
Gregoire Bailly-Salins, Head of Transactions and Business Development Europe at Ofi Invest Real Estate SAS, comments: “We are pleased to announce the acquisition of this prime last-mile logistics facility strategically located close to Düsseldorf, one of the most established locations for logistics in Europe. This acquisition is in line with our selective investment strategy, focusing on
high-quality assets and locations, offering long-term and upside potentials. Achieving this transaction in the current market environment showcases our ability to grasp market opportunities on the most resilient assets.”
Stewart Little, CEO of Oxenwood Real Estate, said: “This transaction underscores the enduring value of high-quality assets in prime locations. Neuss, as a key logistics hub, highlights the strength of the German market, where developing a well-located, modern asset with a strong tenant covenant provides secure liquidity for an exit.”
On this transaction, Ofi Invest Real Estate was advised by DLA Piper, CBRE Technical Due Diligence Team and Colliers International GmbH. Oxenwood/Catalina was advised by Jones Lang LaSalle and Jones Day and Arcadis.
Image source - Ofi Invest Real Estate.
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