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Tritax EuroBox funds prime logistics asset in Rhine-Ruhr region of Germany for €118m
Transactions - NOVEMBER 15, 2021

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Tritax EuroBox funds prime logistics asset in Rhine-Ruhr region of Germany for €118m

by Released

Tritax EuroBox, which invests in high-quality, prime-logistics real estate strategically located across continental Europe, has agreed to acquire land and fund the development of an €117.91 million ($135 million) asset in a prime location of the Rhine-Ruhr region in Germany. The acquisition is pre-let to the Rhenus Warehousing Solutions SE & Co KG (Rhenus), a global logistics service providers.

The property will comprise one building with a total gross internal area of about 66,065 square meters (711,118 square feet), with six logistics units in the heart of the Rhine-Ruhr region. The development is expected to be completed in February 2023. The location of Bönen in the Rhine-Ruhr metropolitan region allows access to motorway infrastructure and makes it part of the most important logistics hub in Europe, where one quarter of all logistics centers in Germany are located.

“The Rhine-Ruhr region of Germany is the largest population center in the country and

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