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Sign in Sign up for a FREE subscriptionSouth Korean institutional investors acquire German logistics portfolio
Apeiron Capital, in partnership with Midas International Asset Management, has acquired the 150,000-square-meter (1.7 million-square-foot) “Maple” logistics portfolio in Germany for €200 million ($215 million).
The investment was ultimately funded by South Korean institutional investors. The portfolio was acquired from the Healthcare of Ontario Pension Plan (HOOPP), one of Canada’s largest pension funds.
The portfolio comprises three assets in Werne, Chemnitz and Alzenau, all let to well-known global companies.
The largest asset is a 100,000-square-meter (1.1 million-square-foot) fulfillment center let to Amazon.
The transaction continues Apeiron’s stated strategy of acquiring high-quality assets in key logistics locations across Europe. In May 2019, it acquired the Blue Ship portfolio, with 340,000 square meters (3.7 million square feet), in a joint venture with GreenOak Real Estate and Hana Financial for presumably €350 million ($377 million
