GREYKITE European Real Estate Fund I and its affiliates, in strategic partnership with troveinvest, has signed the acquisition of a two-property industrial portfolio located in Frankfurt and Düsseldorf, Germany. It marks the launch of the German investment program of Lagerhome, GREYKITE’s European multi-let industrial (MLI) platform, which has amassed nearly €300 million ($344 million) of assets since launching in April 2025.
Constructed in the mid-1980s, the portfolio totals more than 48,000 square meters (517,000 square feet) of leasable area and is currently 93 percent occupied by more than 30 high-quality tenants, with an average weighted average unexpired lease term (WAULT) of 3.1 years. It was acquired off market from a private domestic investment group. The properties are located in highly desirable, undersupplied airport-adjacent submarkets within Frankfurt and Dusseldorf, which are witnessing strong demand from a diverse range of businesses. On completion of th
