Peakside snaps up logistics portfolio in Frankfurt’s CargoCity Süd

Peakside Capital Advisors has taken ownership of four assets totaling 20,000 square meters (215,278 square feet) in CargoCity Süd, the air freight hub at Frankfurt Airport, on behalf of its Peakside Real Estate Fund.

The buildings include three mixed-use logistics assets with service, office and mezzanine spaces, as well as a parking deck with 420 spaces. Peakside plans to refurbish the assets as part of its manage-to-green strategy for existing buildings. Financial terms were not disclosed.

“With the acquisition, we are adding a prominent location with value-add and rental growth potential for our investors to the logistics portfolio,” said Boris Schran, managing partner at Peakside. “Logistics investments are playing a major role also in the acquisition strategy of our Peakside Real Estate Fund IV. We entered the investment phase last year and are looking for further investment opportunities in development as well as existing buildings at established logistics