Ofi Invest Real Estate has acquired a core logistics portfolio on behalf of one of its clients. This portfolio includes two cross-dock logistics facilities located in Cologne and Kleinmachnow, near Berlin. The assets were sold by DWS on behalf of one of its real estate funds.
The two buildings, completed in 2016, feature modern technical specifications and offer over 15,000m2 of lettable area, along with lorry and car parking spaces. The total plot size for the two logistics facilities is approximately 54,600m2. Both properties are fully leased on a long-term basis through triple-net contracts.
These facilities serve as last-mile cross-dock sorting and delivery hubs, supplying Cologne, Kleinmachnow, and their surrounding areas. The buildings also present significant growth potential, given their high-quality spaces and excellent locations.
This investment is strategically important for Ofi Invest Real Estate, as the Cologne and Berlin areas are among the most established logistics markets in Germany. Both properties benefit from a dense motorway network and excellent access to public transportation, providing a connection to a wide consumer market.
Gregoire Bailly-Salins, Head of Transactions and Business Development Europe at Ofi Invest Real Estate SAS, stated: “We are pleased to announce the acquisition of this last-mile cross-dock logistics portfolio, which is extremely well located in two major European urban areas. This acquisition aligns with our selective investment strategy, focusing on high-quality assets and locations that offer secured long-term cash flow, backed by a strong covenant operating as a market leader in the CEP sector.”
For this transaction, Ofi Invest Real Estate received advice from DLA Piper, TA Europe for TDD and ESG services, and Colliers International GmbH for commercial advice.
Image source - Ofi Invest Real Estate.
Europe Real Estate — an overview of real estate developments in European countries.
