Trammell Crow Co., CBRE IM acquire logistics site in Berlin

Trammell Crow Co. (TCC) in partnership with a fund managed by CBRE Investment Management (CBRE IM), have acquired a 38,524-square-meter (414,669-square-foot) site near Berlin, where they plan to develop a class A logistics scheme.

The seller was real core Holding GmbH (RCH), a Frankfurt-based industrial and logistics real estate development joint venture of May & Co. and Pflugfelder. RCH acquired the site in 2017, developed the master plan and received building permission in 2021.

Marking the first collaboration between CBRE IM and TCC in Germany, the partners will deliver a 20,981-square-meter (225,838-square-foot) single warehouse logistics asset that will be suitable for up to two occupiers. The scheme will include 18 heavy goods vehicle (HGV) loading docks, two ground-level access doors, and 210 light vehicle (LV) and 19 HGV barrier-free parking spots. It will be heated by a heat pump, will feature photovoltaic-ready roofs, and TCC and CBRE IM will target a BRE