Pan-European industrial investment manager Boreal IM has extended the German logistics portfolio it manages on behalf of Ontario Teachers’ Pension Plan to 370,000 square meters (3.98 million square feet), following the acquisition of a 76,000-square-meter (818,000-square-foot) newly constructed warehouse in the port of Bremerhaven.
The warehouse, fully leased to Maersk, is the joint venture’s fourth acquisition in the country this year and its ninth since 2023. Purchased from DLH Real Estate, it follows acquisitions in Frankfurt, Stuttgart and Hannover that have added more than 100,000 square meters (1.08 million square feet) to the portfolio this year.
The joint venture’s Pan-European portfolio now includes more than 50 assets spanning 1.6 million square meters (17 million square feet) across the United Kingdom, Spain, Italy, France and the Netherlands, in addition to Germany.
Construction of the state-of-the-art warehouse in Bremerhaven — Northern Euro
