Elite Partners Capital acquires logistic centre in Germany

Elite Partners Capital prepares to boost the centre’s environmental, social and governance (ESG) specs, and expects to achieve the DGNB Gold Accreditation– the accreditation granted by Germany’s renewable structure committee.

In a June 27 news release, the business claims that the place was acquired by the business’s flagship Elite Logistics Fund II. The Pan-European logistics budget is supported by a sovereign wealth fund, together with an affiliate of family group offices across Asia.

The industrialized area is served by numerous transportation choices, including straight links to various motorways, accessibility to the Port of Karlsruhe– a primary inland port around the Rhine waterway, as well as proximity to primary global airport terminals in Frankfurt and Stuttgart.

Elite Partners Capital, a Singapore-based alternative financial investment management firm, has acquired a worldwide logistics center situated within Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics place is near to Stuttgart, the automobile capital of Germany.

The asset was offered by a mutual investing between international alternative financial investment organization corporation TPG Angelo Gordon and Germany-based financial investment and asset management company aam2core Holding. The transaction was agented by CBRE’s capital markets team in Germany.

Lakegarden Residences floor plan

Victor Song, co-founder and CEO of Elite Partners Capital, says that the securing interest rates presents a strategic window of possibility for investors to return to the market.

The area covers approximately 1.94 million sq ft. More than 85% of the property’s net lettable area is presently occupier to an automobile titan on a long rental, functioning as their international logistics facility.