Oxenwood acquires three logistics facilities in Germany for €52m
Oxenwood Real Estate, the U.K. and European real estate investment management firm, has acquired three logistics facilities in Germany in separate transactions for €52 million ($59 million).
The acquisitions, which include forward funding and two investment properties, were made by Oxenwood for Oxenwood Catalina, its joint venture with Catalina Holdings (Bermuda) Ltd., and continue its continental European investment drive, which began nearly four years ago.
At Neuss, which is located in the Düsseldorf logistics region, Oxenwood is forward funding the speculative development of a 12,000-square-meter facility at Bockholtstrasse 129. The development will be a high-quality, last-mile facility that will be constructed to a minimum DGNB (German Sustainable Building Council) “Gold” sustainability certification. Construction already is underway, with RED Property Group acting as project developer and Goldbeck as the general contractor. Practical completion is expected