Elite Partners Capital acquires logistic centre in Germany
In a June 27 press release, the firm claims that the area was gotten by the firm’s forerunner Elite Logistics Fund II. The Pan-European logistics fund is sustained by a sovereign assets fund, alongside a network of family office spaces across Asia.
Elite Partners Capital, a Singapore-based alternative venture management firm, has actually acquired a worldwide logistics facility located within Ettlingen West’s Industrial Zone, Germany. The large multi-user logistics place is near to Stuttgart, the auto capital of Germany.
The investment was marketed by a mutual investing between international alternative financial investment management firm TPG Angelo Gordon and Germany-based financial investment and asset management business aam2core Holding. The deal was brokered by CBRE’s capital markets group in Germany.
Elite Partners Capital plans to boost the centre’s environmental, social and governance (ESG) specifications, and anticipates to acquire the DGNB Gold Qualification– the certification granted by Germany’s sustainable building committee.
The industrial zone is served by many travel options, including direct links to different motorways, connectivity to the Port of Karlsruhe– a significant inland port along the Rhine river, as well as proximity to major international airports in Frankfurt and Stuttgart.
Victor Song, co-founder and chief executive officer of Elite Partners Capital, states that the securing lending rates offers a tactical window of possibility for capitalists to return to the marketplace.
The area extends about 1.94 million sq ft. More than 85% of the property’s net lettable space is currently occupier to an automobile giant on a long lease, functioning as their international logistics centre.