International Industrial Properties (IIProp), a logistics platform focused on investing in industrial and logistics assets in key European markets, owned by Madison International Realty and Griffin Capital Partners, has sold a single-tenant logistics property in Bensheim, Germany.
The Park was acquired by UBS Real Estate GmbH and has been fully leased to MSK Pharmalogistic GmbH.
The asset’s gross leasable area amounts to 10,600 square meters (114,100 square feet). It is strategically located in an established commercial and industrial area and is in close proximity to the A5 and A67 highways, providing ideal connections to both Mannheim and Frankfurt, and to the Mannheim City Airport.
“Over the past few months, we have been increasing our activity in Germany,” said Maciej Dyjas, co-owner and managing partner at Griffin Capital Partners. “This market is extremely attractive to us, not only in terms of logistics properties, but also on account of the resid
