TRIUVA Kapitalverwaltungsgesellschaft mbH (TRIUVA) has acquired the ALPINE portfolio with two properties in Nuremberg and Kornwestheim. Together with another purchase made in Hamburg, the total transaction volume comes to more than €90 million. The cooperation partner Garbe Industrial Real Estate GmbH is responsible for the transaction process and asset management of the properties. The three office and logistics properties from the core(+) segment comprise rental space of more than 70,000 m². Over 25,000 m² of this is attributable to office space, while the remaining more than 45,000 m² consists of logistics space. The purchase was made for the IVG Garbe logistics fund, which now has a volume of almost €300 million. The seller of the ALPINE portfolio is the Seewarte Group. The property in Hamburg was sold by Provinzial Rheinland.
“With these acquisitions, we have reached our target volume for the IVG Garbe logistics fund. Due to the high demand, we have designed a follow-up product with a focus on selected logistics properties in Western Europe. This new fund concept is currently being presented to interested investors,” explains Wenzel Hoberg, CEO of TRIUVA.
The property on Rudolph-Diesel-Strasse in Kornwestheim, Baden-Württemberg, comprises over 8,800 m² of office space and 14,500 m² of logistics space. The facility is located around 15 kilometres from the state capital Stuttgart. The second property from the ALPINE portfolio is at Rheinstrasse 40 in Nuremberg. More than 7,500 m² of office space and 10,000 m² of logistics space is available here. In both units, the main tenant is the Swiss transportation and logistics service provider Panalpina. Both properties are fully let.
The main tenant at Neuer Höltigbaum 20-40 in Hamburg is Eppendorf AG, a company with its headquarters in Hamburg that provides products and services for laboratories around the world.
The building comprises 8,800 m² of office space and 21,000 m² of logistics space and has an occupancy rate of 90 percent.
For the acquisition of the ALPINE portfolio, TRIUVA was advised by the law firm Hogan Lovells. Baker & McKenzie represented the Seewarte Group with regard to legal issues. Arcadis assisted with the transaction as a technical consultant. Estate agents from JLL helped to broker the transaction.
For the transaction in Hamburg, TRIUVA was assisted by the law form Latham Watkins. ES Enviro Sustain was involved as the technical consultant. Estate agents from H2 Advisors brokered the deal.
