StoneVest AG and an entity managed by Madison International Realty have launched a joint venture for the acquisition of light industrial and logistics properties.
Over the next three years, the joint venture partners expect to acquire assets with a total value of up to €150 million ($164 million).
The joint venture will target new and existing properties valued between €10 million and €50 million ($11 million and $55 million), with a particular focus on sale-leaseback transactions and purchases of leased corporate real estate. The joint venture will acquire properties located in Germany, Austria and Switzerland within important industrial hubs that benefit from excellent transport connectivity.
The joint venture has already closed on two long-lease light industrial properties in Bavaria through a capital partner replacement transaction from the Industrial Properties Europe investment platform launched by StoneVest in 2021.
The first property is in H
