Barings has acquired two logistics properties in Sarstedt, south of Hanover, Germany, from Hanover-based Bertram Projektmanagement GmbH on behalf of a European core strategy.
One of the assets is an existing logistics property with a rental area of 30,000 square meters (323,000 square feet), which is fully leased to a leading drugstore operator. The second is a 28,000-square-meter (301,000-square-foot) logistics asset that is being developed by Bertram Bau und Invest GmbH. Goldbeck will act as the general contractor for the property and completion is due in third quarter 2021.
The 108,000-square-meter (1.2 million-square-foot) site benefits from excellent accessibility, with a direct connection to the A7 motorway, which links the greater Hanover area with both Hamburg and southern Germany. The A2 motorway, a central east-west axis between the Ruhr area and Berlin, also crosses in the immediate vicinity. The site is located in the heart of a junction of three corridors
