GARBE Industrial Real Estate GmbH, one of the leading specialists for logistics and industrial properties in Germany and Europe, has acquired two logistics properties located in Dresden-Ottendorf and Munich-Karlsfeld for its institutional German fund, GARBE Logistikimmobilien Fonds Plus II (GLIF+ II). The sales price was not disclosed.
Taken together, the acquired properties have a gross lettable area of around 21,800 square meters (235,000 square feet). They are located in established business areas and fully occupied. Their main tenants include Logwin Solutions Deutschland, a provider of contract logistics solutions, and GELOS Getränke Logistik & Gastronomie.
Jan Philipp Daun, head of investment management at GARBE Industrial Real Estate, said, “We are glad we managed to acquire these two assets at attractive prices in the current market environment. The established locations in combination with their blue-chip tenants who are loyal to their locations will ens
