Principal acquires headquarters of vending machine manufacturer in Germany for European logistics fund

Principal Asset Management has acquired a 20,200-square-meter (217,430-square-foot) logistics building in the North Rhine-Westphalia area of Germany for the European logistics fund LOG IN, which is managed by Theoreim.

Consisting of two industrial buildings, the headquarters property is leased to a leading manufacturer of vending machines, checkout zones and industrial systems.

Located on the Am Mittellandkanal industrial and logistics business park, near the logistics region of Bielefeld/Münster/Osnabrück, the property benefits from good transport links to Hannover and Bremen respectively, as well as to the freight center of Osnabrück, the ports of Osnabrück, Bremen, Emden and Münster-Osnabrück Airport.

LOG IN was created in 2022 in partnership with the French alternative investment management company, Theoreim, and is the first French SCPI (Société Civile de Placement Immobilier) dedicated to European logistics. Principal Asset Management is the inves