LaSalle acquires logistics warehouse outside of Berlin

LaSalle Investment Management has acquired a logistics warehouse in the Großbeeren freight hub, located at the southern edge of the German capital in the Berlin-Brandenburg metropolitan area. The warehouse has been purchased from DWS Group by LaSalle on behalf of ERAFP, the French public service additional pension scheme. A sales price was not disclosed.

Situated in a sought-after and prime industrial location, the Großbeeren freight center is one of the largest of its kind in Europe and one of the most successful in Germany, serving as the last-leg delivery hub for the metro area to the more than 80 resident companies based there. The site also benefits from easy access to local public transport and strong highway connections within the country and to Poland. As Germany’s second-largest metropolitan area, Berlin-Brandenburg has also experienced robust economic and population growth, offering significant opportunity for future rental growth for logistics assets.

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