Deka Immobilien has bought two prime German logistics properties from the British Real Estate Investment Trust SEGRO.
The distribution center in Freiberg am Neckar (built in 2018) and the cross-dock facility in Erlangen (built in 2015) are both leased to high-credit tenants. The price has not been revealed.
Farshad Arshadi, Head of Acquisition & Sales Logistics, says, “The newly acquired properties in Freiberg am Neckar and Erlangen further diversify our fund portfolio. In these economically strong locations, a robust logistics infrastructure is crucial, yet the market offers limited space. Existing properties like these provide location advantages that are often irreplaceable in new developments.”
The Freiberg property covers 11,320 square meters and is leased to automotive supplier Craiss Generation Logistik GmbH.
The 4,750 square meter cross-dock facility in Erlangen is a mechanized delivery base (MechZB) built to Deutsche Post DHL’s specifications.
The Freiberg am Neckar property is important for supplying Stuttgart’s industries. The Erlangen site, close to highways and urban areas, is ideal for last-mile logistics.
Deka Immobilien was advised on the purchase of the German logistics properties by GSK Stockmann. SEGRO was advised by BNP Paribas Real Estate and CMS Hasche Sigle.
