Feldberg Capital has advised its joint venture with the Teacher Retirement System of Texas on its first investment.
The acquisition comprises a site of approximately 55,000 square meters, or 592,015 square feet, at Industriestrasse 60 in Wedel, west of Hamburg, Germany. The site will be developed into a logistics asset with a total lettable area of approximately 35,000 square meters, or 376,737 square feet, across six units.
“We focus on locations with strong connections to road, rail or air transport in economically strong regions,” said Stefan Schade, director of investment at Feldberg. “Hamburg and the surrounding area meet these criteria and also play a key role in the Pan-European supply chain network.”
The development specification includes eight electrical vehicle (EV)-charging points and a photovoltaic (PV) system with a capacity of 2,300 kilowatt peak. A grid connection capacity of 3,200 kilovolt-amperes will allow the property to accommodate de
