Warburg-HIH Invest Real Estate has acquired a portfolio of four new-build logistics warehouses in Germany from COMPLEMUS Real Estate that are earmarked for the “Warburg-HIH Deutschland Logistik Invest” open-ended special AIF. A sales price was not disclosed.
Three of the assets are located in the state of North Rhine-Westphalia, while one is located in Rhineland-Palatinate.
“This investment in the promising last-mile segment secures assets of new-build quality and alternative use potential for our fund that are occupied by tenants of good covenant strength, such as Amazon,” said Andreas Strey, senior fund manager at Warburg-HIH Invest.
The portfolio collectively covers 33,300 square meters (358,000 square feet), thereof 25,600 square meters (275,560 square feet) let to Amazon on a long-term lease of 15 years. The new-build logistics assets represent essential core portfolio components of this logistics real estate fund, which is still going through its i
