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Transactions - JANUARY 18, 2022

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AEW acquires last-mile logistics park in Hanau, east of Frankfurt, for German pension scheme

by Released

AEW has acquired a last-mile logistics and business park development in Hanau, close to Frankfurt, for a pan-European separate account mandate on behalf of a German pension scheme. The seller is a joint Venture of INBRIGHT and CONVALOR.

The scheme, which is due to complete in early 2023, will comprise three warehouse buildings totaling 28,000 square meters (301,000 square feet) and will benefit from a DGNB Gold environmental certification, an almost fossil-free energy supply and solar panels on each building’s roof.

Situated in Hanau, the asset benefits from an established location, positioned in one of Europe’s most important and sought-after logistics hubs — the Rhine-Main region — which has more than 5 million inhabitants. In addition, the quality of the location is reflected in its proximity to Frankfurt and its easy access to the dense motorway network, which is in direct vicinity to the asset.

Launched in November 2020, the mandate, on behalf of a

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