Elite Partners Capital acquires logistic centre in Germany

The asset was sold by a mutual venture between international alternative financial investment management firm TPG Angelo Gordon and Germany-based investment and asset management company aam2core Holding. The purchase was brokered by CBRE’s capital markets team in Germany.

Elite Partners Capital plans to improve the centre’s environmental, social and governance (ESG) specifications, and expects to obtain the DGNB Gold Accreditation– the accreditation granted by Germany’s renewable building committee.

Victor Song, co-founder and CEO of Elite Partners Capital, claims that the securing lending rates offers a strategic window of option for financiers to return to the marketplace.

Elite Partners Capital, a Singapore-based alternative investment management firm, has gotten a worldwide logistics centre situated inside Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics area is close to Stuttgart, the automobile capital of Germany.

Hillock Green condominium

The location covers about 1.94 million sq ft. More than 85% of the property’s net lettable area is currently dweller to an automotive titan on a lengthy lease, acting as their worldwide logistics center.

The industrial area is offered by several transportation options, offering direct links to numerous motorways, connectivity to the Port of Karlsruhe– a significant inland port around the Rhine river, along with proximity to primary international flight terminals in Frankfurt and Stuttgart.

In a June 27 press release, the business says that the place was acquired by means of the firm’s flagship Elite Logistics Fund II. The Pan-European logistics fund is supported by a sovereign wealth fund, along with an affiliate of family group offices throughout Asia.

error: Content is protected !!