GLP Capital Partners (GCP) and SEGRO have announced the acquisition of three logistics properties in Germany by GCP from SEGRO European Logistics Partnership (SELP).
The portfolio comprises properties in Neuenstadt, Grevenbroich-Kapellen and Malsfeld with a combined rental space of 129,000 square meters (1.39 million square feet), all of which are fully let. The transaction value has not been disclosed.
The logistics property in Neuenstadt am Kocher on Wilhelm-Maybach-Strasse 2-10 was built in 2009 and comprises a total of seven units. Together they offer 73,400 square meters (790,100 square feet) of space. The site is located in an established business park between Heilbronn and Stuttgart, not far from the A81.
The property in Malsfeld (Bornwiese 1) was built in 2006 and expanded in 2020. It offers 35,000 square meters (377,000 square feet) of rental space. It is located between Kassel and Frankfurt am Main, directly on the A7.
The 20,400 square meters (
