PGIM Real Estate has launched Omnidocks, a platform for ground-up logistics developments in Germany. Omnidocks is part of PGIM Real Estate’s closed-end value-add fund European Value Partners (EVP) II and has already acquired two assets and secured a strong pipeline of upcoming deals.
As an independent company within EVP II, Omnidocks focuses on logistics developments in and around Germany’s top seven cities (Berlin, Hamburg, Munich, Cologne, Frankfurt, Stuttgart and Düsseldorf), aiming to develop high-quality, newly built properties that meet the demands of tenants and investors in terms of location, efficiency and ESG, while offering maximum tenant flexibility.
Omnidocks has already acquired two development projects, one in Rodgau near Frankfurt, allowing for the construction of more than 12,000 square meters (129,170 square feet) of leasable space to be completed by the end of 2024, and the second one in Castrop-Rauxel near Dortmund, targeting the development of
