ABG marks first foray into the logistics real estate market

ABG Real Estate Group is expanding its activities into the market for logistics real estate through its investment management entity ABG Capital.

ABG Capital will enter into a strategic partnership with Dietz AG based in Bensheim for this purpose. The partnership is being launched with the acquisition of the Kerpen Logistics Centre on behalf of a club of professional pension funds. The total investment volume is approximately €115 million ($115.31 million).

The property is in a highly sought-after logistics location in the Cologne metropolitan area, and benefits from ideal traffic connections. The Kerpen Logistics Center was completed in May 2022. It  is fully let via long-term leases to two businesses from the supplier and events management industries. ABG Capital will acquire the majority of shares in the logistics center by way of a share deal – Dietz AG will continue to hold a minority stake in the company and will remain significantly involved in asset manage