CBRE Investment Management acquires two logistics properties in Germany from ALCARO

CBRE Investment Management has acquired two logistics properties in Gladbeck and Cologne, Germany, from ALCARO Invest GmbH.

ALCARO is a wholly owned subsidiary of OSMAB Holding AG, an investor, project developer, asset manager and portfolio holder operating throughout Germany with a focus on office and logistics properties.

The two logistics properties — Log Plaza Colonia 2 and Log Plaza Gladbeck 1 — have a total leasable area of 29,000 square meters (312,150 square feet).

The two logistics properties are fully leased on long-term leases. In Cologne, a tenant active in the ecommerce sector committed to the property, and in Gladbeck, the property is leased on a long-term basis to a manufacturing company. Both logistics properties were completed in the summer and autumn of last year, respectively.

"The distribution centres in Cologne and Gladbeck are located in established logistics hotspots with excellent infrastructure in submarkets that are important