AEW announced the off-market acquisition of a new logistics asset in Weiterstadt, close to Frankfurt. The asset was acquired from Four Parx on behalf of an AEW fund under management for French retail investors.
The asset is located in one of the main logistics markets and industrial hubs in Germany. Frankfurt’s airport, the largest in Germany, is located 20 kilometers from the warehouse and is easily accessible via the A5 motorway.
The asset, which is rented by a public institution with a firm 10-year lease, was delivered at the end of 2023 and consists of three modern, independent buildings of varying sizes totaling 7,177 square meters (77,253 square feet). Its high degree of flexibility allows the space to be divided into up to seven units of different sizes.
The asset meets several ESG criteria, such as LED lighting, a thermally insulated façade, and charging stations for electric vehicles. It aims to obtain DGNB Gold certification.
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