Elite Partners Capital acquires logistic centre in Germany
Elite Partners Capital prepares to boost the facility’s environmental, social and governance (ESG) requirements, and expects to obtain the DGNB Gold Certification– the certification awarded by Germany’s renewable building council.
Victor Song, co-founder and CEO of Elite Partners Capital, claims that the stabilising rates of interest presents a calculated window of chance for capitalists to come back the market.
In a June 27 news release, the firm states that the site was obtained by the firm’s flagship Elite Logistics Fund II. The Pan-European logistics fund is sustained by a sovereign wealth fund, alongside a network of family group offices across Asia.
Elite Partners Capital, a Singapore-based alternative investment management firm, has actually acquired a worldwide logistics center situated inside Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics area is near to Stuttgart, the auto capital of Germany.
The area covers approximately 1.94 million sq ft. Greater than 85% of the commercial property’s final lettable space is currently renter to an automotive giant on a lengthy rental, serving as their international logistics centre.
The industrialized region is offered by many travel options, offering straight links to numerous freeways, easy access to the Port of Karlsruhe– a major inland port along the Rhine river, along with distance to key international airports in Frankfurt and Stuttgart.
The asset was offered by a joint investing in between worldwide alternative investment management firm TPG Angelo Gordon and Germany-based financial investment and asset management company aam2core Holding. The transaction was brokered by CBRE’s capital markets group in Germany.
