Ivanhoé Cambridge acquires first last-mile logistics facility with URBZ Capital in Munich, Germany

Ivanhoé Cambridge has made its first last-mile logistics facility near Munich, with his partner URBZ Capital, an investment and asset management boutique.

Located in Karlsfeld, Germany, in the immediate vicinity of Munich, this prime last-mile logistics asset comprises a total surface area of 12,570 square meters (135,302 square feet), with approximately 4,500 square meters (48,438 square feet) of extension potential, located on a freehold site area of 23,800 square meters (256,181 square feet). The property benefits from a strategic location nearby the city center of Munich, considered one of the most prime and sought-after (industrial) real estate markets in Germany and Europe. The site benefits from access to a major highway network and covers a significant and dense urban area with more than 6 million inhabitants.

Post renovation, the property will be in accordance with modern ESG standards and will include design specifications including BREEAM certification (e.g