Elite Partners Capital acquires logistic centre in Germany
Elite Partners Capital, a Singapore-based alternative financial investment management firm, has actually gotten a worldwide logistics facility located in Ettlingen West’s Industrial Zone, Germany. The massive multi-user logistics park is close to Stuttgart, the automotive capital of Germany.
The industrial region is offered by several transportation choices, including direct connections to various motorways, easy access to the Port of Karlsruhe– a primary inland port along the Rhine river, as well as proximity to key international airport terminals in Frankfurt and Stuttgart.
Victor Song, co-founder and chief executive officer of Elite Partners Capital, says that the stabilising rates of interest provides a calculated window of option for financiers to return to the marketplace.
In a June 27 announcement, the company states that the place was obtained through the company’s main Elite Logistics Fund II. The Pan-European logistics budget is supported by a sovereign assets fund, together with an affiliate of family group offices across Asia.
The asset was sold by a mutual project between international alternative financial investment management company TPG Angelo Gordon and Germany-based investment and asset management firm aam2core Holding. The transaction was brokered by CBRE’s capital markets team in Germany.
The location spans about 1.94 million sq ft. Greater than 85% of the property’s final lettable area is currently tenanted to an automobile titan on a long rental, functioning as their international logistics center.
Elite Partners Capital plans to boost the center’s environmental, social and governance (ESG) specifications, and expects to attain the DGNB Gold Certification– the certification awarded by Germany’s sustainable structure committee.
